Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as investors sought refuge amid geopolitical tensions between the United States and the Democratic People's Republic of Korea (DPRK).

The most active gold contract for December delivery rose 5.8 dollars, or 0.44 percent, to settle at 1,316.4 dollars per ounce.

Traders weighed Tuesday's comments from U.S. President Donald Trump at the United Nations, in which he threatened to "totally destroy" DPRK if it attacks the U.S. or its allies.

But the greenback strengthened, putting pressure on dollar-denominated gold in the wake of the Fed's statement, which came after gold futures prices settled for the session.

After its latest two-day policy meeting, the Fed said in its statement that it still plans to raise interest rates once more by the end of this year.

Higher rates can boost the dollar, in which gold is priced. They typically move inversely. A rising interest-rate climate also tends to dull the appeal of non-yielding bullion.

As for other precious metals, silver for December delivery added 5.5 cents, or 0.32 percent to close at 17.334 dollars per ounce. Platinum for October fell 5.8 dollars, or 0.61 percent, to settle at 945.4 dollars per ounce.