Gold futures hit $1,214.90 earlier, the highest level since March 8 when futures hit $1,218.50.
For the second time in three months, the Federal Reserve increased its benchmark interest rate a quarter point amid rising confidence that the economy is poised for more robust growth.
In December the Fed forecast three rate rises this year.
Investors were also focusing on Wednesday's Dutch elections, which have been boosting gold's safe-haven appeal.
The Party for Freedom is seen as having little chance of coming to power, but a strong election performance for the group that wants to "de-Islamicise" the Netherlands would fuel worries over a surprise result in French presidential elections in April and May.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.36 percent to 834.99 tons on Tuesday from Monday. Holdings rose for a second straight session after outflows last week.
Spot silver was up 1.75 percent at $17.14.
—CNBC's Jeff Cox contributed to this report.