Spot gold rose 0.5% to $ 1,815.56 an ounce at 1:29 am GMT, after peaking since July 20 at $ 1,817.35.
US gold futures rose 0.9% to $ 1,815.30 an ounce.
While the US central bank acknowledged discussing the possible withdrawal of monetary policy support from the pandemic era in its statement, President Jerome Powell said the US labor market still had “some way to go” before. that it is not time to retire.
Large stimulus tend to support gold, which is often seen as a hedge against inflation and currency depreciation.
Powell also downplayed the risk of the Delta variant of the coronavirus spreading on the economic recovery.
The Fed’s policy statement weighed on the dollar index, which hit a two-week low on Wednesday, making gold cheaper for holders of other currencies.
The Centers for Disease Control and Prevention (CDC) said on Wednesday that 66.6% of U.S. counties had COVID-19 transmission rates high enough to warrant hiding indoors and should immediately resume politics.
Silver rose 0.9% to $ 25.15 an ounce.
Palladium rose 0.6% to $ 2,641.69 an ounce, while platinum gained 0.8% to $ 1,073.42.