Spot gold rose 0.9 percent to $1,254.06 per ounce at 8:02 a.m. ET, after declining the most since Nov. 27 in the previous session.
Prices crossed the 200-day moving average around $1,252 an ounce before the Fed’s statement on Wednesday.
Read More : Gold Prices Jump Today But Silver Rates Drop
U.S. gold futures rose 0.1 percent to $1,257.50 per ounce on Thursday.
“There is some safe-haven buying supporting gold prices today,” said Renisha Chainani, head of commodity and currency research at Monarch Networth Capital.
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