Spot prices were up 1.7% at $5,276.53. Futures tied to the precious metal traded $5,276.60. Earlier in the day, gold traded above $5,300 — hitting record levels.
“Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization,” the post-meeting statement said. “Inflation remains somewhat elevated.”