Gold sank some of its gains but remained high as the dollar fell after the mid-term elections in the United States split Congressional control between Democrats and Republicans as investors watched a Federal Reserve meeting to infer future interest rate hikes.
Spot gold rose 0.1 percent to $ 1227.03 an ounce by 1831 GMT, after hitting $ 1235.83 an ounce earlier.
Gold rose $ 2.40 or 0.20 percent to settle at $ 1228.70 an ounce.
"The biggest gold engine remains the US dollar, and its move was reasonable given the dollar's decline," said Tae Wong, head of metals trading at BMW.
The dollar index, which measures the performance of the greenback against a basket of major currencies, has weakened the precious metal's attractiveness to other currency holders, while a split in Congress has reduced expectations that fiscal policy will give a big boost to the economy.
Currently, market participants are closely watching the Federal Reserve meeting, which began on Wednesday and continues for two days, to assess the outlook for US monetary policy.
The Federal Reserve raised US interest rates in September and said it plans to raise them four more times by the end of 2019 and again in 2020, citing steady economic growth and a strong job market.
Among other precious metals, spot silver rose 0.3 percent to $ 14.57 an ounce, while palladium jumped 1.4 percent to $ 1131.80 an ounce.
Platinum rose 0.2 percent to $ 869.45 an ounce, after hitting a four-month high of $ 877.50 an ounce.
