"Gold's downtrend persists, with initial support around $1,062-$1,063, a break of which could see prices back to their December lows (at $1,045)," ActivTrades chief analyst Carlo Alberto de Casa said.
Bullion prices held technical support just above $1,060, a short-term Fibonacci retracement level from the Dec. 4 high to the Dec. 3 low.
"It's coming into critical support. If it holds right here, we can go higher," said Eli Tesfaye, senior market strategist for brokerage RJO Futures in Chicago.
Meanwhile, spot silver hit its lowest since August 2009 at $13.60 an ounce.
"U.S. rates are going to move somewhat higher, the overall environment is still one of sound growth in the States, there is no inflation on the horizon at all, so from that prospective you don't need any gold," Julius Baer analyst Carsten Menke said.
"We see prices moving sideways between $1,000 and $1,100 next year."
The Fed is expected to issue a post-meeting statement at 2 p.m. EST (1900 GMT) on Wednesday.