Gold prices hit their highest in two and a half months after the meeting of the U.S. Federal Reserve where officials decided to hold rates steady, for now.

The dollar dropped on the decision to a 12-week low against a basket of currencies.

Spot gold rose to its highest since November 17 at $1,223.62 an ounce.

April Comex gold was up $16.80 at $1,225.10 an ounce.

March Comex silver was up $0.25 at $17.70 an ounce.

Platinum rose 0.9 percent to $1,004.90.

Weakened dollar sparked gold prices higher, gold prices suffered the previous day ahead of the Fed’s decision.

Markets has been fluctuating since the U.S. President Donald Trump signed an executive order to ban entry to the U.S. from seven major Muslim countries and now there are concerns over the conversation between Trump and Prime Minister Malcolm Turnbull regarding refugees in Australia that were to be headed for the U.S.

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