The most active gold contract for August delivery rose 6.1 U.S. dollars, or 0.34 percent, to close at 1,819.6 dollars per ounce.
Shortly after the floor trading of gold closed, the Federal Open Market Committee ended its two-day meeting and decided to lift rates by 75 basis points, the largest rate hike in nearly three decades.
Gold futures seesawed in electronic trading after the Federal Reserve's decision.
Investors have already priced in the possibility of a 75 basis point rate hike into gold, market analysts say.
Gold found additional support on Wednesday as the U.S. Department of Commerce reported that U.S. retail sales unexpectedly fell by 0.3 percent in May, down from a revised 0.7-percent rise in April.
The New York Fed's Empire State business conditions index, a gauge of manufacturing activity in the state, rose 10.4 points but remained at a negative 1.2 reading in June. Economists had expected a flat reading.
Silver for July delivery rose 46.6 cents, or 2.22 percent, to close at 21.42 dollars per ounce. Platinum for July delivery rose 13.9 dollars, or 1.53 percent, to close at 924.6 dollars per ounce.
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