Gold prices rose in early trading Thursday, buoyed by reports that the Federal Reserve was preparing to release its latest monetary policy statement.
Gold has surged to a record high after the Fed said Thursday that it will be raising interest rates again at the end of next year.
But some investors have expressed concern that the central bank may tighten policy further to boost economic growth and spur an inflation boom.
The Federal Reserve’s next monetary policy meeting is scheduled for January 18.
The Dow Jones Industrial Average rose nearly 11,000 points or 1.1 percent to 22,527.
The Standard & Poors 500 added 0.4 percent to 2,891.21.
The Nasdaq Composite added 0 .4 percent, or 1,068.07 points.
The Nasdaq was off by about 3 percent at 3,054.23.