The US Dollar, which has an inverse relationship to Gold price, fell after the Fed meeting, since the expectation of lower interest rates tends to be negative for the currency.
The Dollar Index, which measures the value of the USD against a weighted basket of counterparts fell 0.14% on Wednesday to close at 101.97.
Gold is priced in Dollars on international markets, so a weaker US Dollar buys less Gold and vice-versa for a stronger USD, all other things being equal.
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