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Gold prices fell further on Wednesday after treading water earlier in the week. A stronger dollar diminished gold's value.
The price of gold for February slipped $13.80 to $1084.50 an ounce, continue a move away from last year's record peak above $1200.
A busy day on the economic front was highlighted by the Federal Reserve's decision to keep its key interest rate near zero.
The Fed sounded a slightly more hopeful tone than last month, giving the dollar some added support.
"Information received since the Federal Open Market Committee met in December suggests that economic activity has continued to strengthen and that the deterioration in the labor market is abating,'' the Fed said.
The buck added to its 5-month highs versus the euro, rising to 1.4002.
US new home sales unexpectedly showed a notable decrease in the month of December, according to a report released by the Commerce Department on Wednesday, although the report also showed a significant monthly increase in new home prices.
The report showed that new home sales fell 7.6 percent to an annual rate of 342,000 in December from an upwardly revised November rate of 370,000. Economists had expected sales to edge up to 366,000 from the 355,000 originally reported for the previous month.
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