Gold prices held their levels Wednesday after the Federal Reserve left interest rates unchanged at its latest meeting.
U.S. gold futures rose 0.1 percent to near $1,212.6 an ounce.
As widely expected, the Federal Open Market Committee kept its benchmark overnight lending rate target at 0.5 percent to 0.75 percent. The Fed raised the target a quarter point, or 25 basis points, at its December meeting, just the second hike in more than 10 years.
Gold is highly exposed to interest rates, particularly in the United States, as higher rates lift the opportunity cost of holding non-yielding assets and boost the dollar, in which gold is priced.