The yellow metal edged lower on Thursday after breaking a new record on the back of the FOMC decision and the escalating geopolitical conflict in the Middle East between Hamas and Israel.
At 9 a.m., gold was at $3,042.93, unchanged since it opened early Friday in Asian trading.
Market sentiment turned negative, while the Greenback recovered as reflected by the U.S. Dollar Index (DXY) tracking a basket of six currencies against the greenback.
Fed policymakers acknowledged that the jobs market remains strong but added that prices remain high. They therefore stressed that they will monitor risks to both key labor and inflation factors.
Market participants digested Jerome Powell's stance as uncertainty over the economic outlook increased, adding that inflation risks were worsening due to the threat of tariffs.
Powell added that several of Trump's policies were affecting growth and rising prices.
Meanwhile, ongoing Israeli airstrikes have killed at least 91 Gazans and injured dozens more.
