Gold prices fell during Thursday's trade, after registering its highest levels in two weeks, with a significant decline in the US dollar against major currencies after the Fed's meeting.
The U.S. dollar dropped and scored the lowest level four weeks ago for a basket of major currencies, which helped gold prices to rise and record top in two weeks, this comes even though the Fed raised interest rates by a quarter of a percentage point to match expectations.
The Fed kept its constant predictions for inflation and for the interest rate trajectory where the bank sees twice the interest raised during this year after today's decision, which helped the gold to rise after the markets were priced on this expectation before.
The return on US bonds has been reversed for 10 years after registering the highest level in four weeks, which has helped the gold to rise as an alternative investment to bond markets.
Gold prices are currently traded at the level of $1329.76 for the ounce, after registering the lowest level at $1329.56 per ounce, and it opened today's meeting at the level of $1331.84 per ounce, registering the highest level at $1334.91 per ounce.