The Fed's message is that policy will remain accommodative, but there is no real appetite for adding to the easing.
Gold futures edged up 0.46% to trade at $1975.30
Gold futures prices were down 0.60%, Bitcoin dropped 0.5% to trade at $10,060 price level.
Many currency traders believe that the U.S dollar index is showing an oversold signal.
Prices of gold futures dropped below $1,980, a crucial support level thanks to the dollar’s recent strength.
The drop is speculated to have been caused by the high number of Americans who claimed unemployment benefits.
Lending support to gold was the rising tally in coronavirus cases globally.