Gold prices briefly hit highest level at $1309.10 an ounce for the first time since October 4th, after the Federal Reserve announced it left interest rates unchanged on Wednesday.
Following their two-day November meeting, the Fed's decision to keep interest rates unchanged was widely expected. In September, the Fed hinted at an increase in December.
Spot gold was up 0.7 percent at $1,297.41 an ounce at 3:30 pm EDT.
U.S. gold futures December delivery settled up 1.6 percent at $1,308.20 per ounce.
Investor anxiety over the election after the renewal of an FBI probe into Democratic candidate Hillary Clinton's emails knocked European stocks to near four-month lows and sent the dollar to its lowest since early October.
That helped push gold back above the $1,305 an ounce mark.