CHICAGO, Sept. 20 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday on weak U.S. dollar.

The most active gold contract for December delivery rose 13.40 U.S. dollars, or 0.69 percent, to close at 1,967.10 dollars per ounce.

Shortly after the floor trading closes, the Federal Open Market Committee (FOMC) meeting ended with an announcement, indicating that the Fed keeps interest rates unchanged as expected, but does not rule out a rate hike in November.

The Federal Reserve foresees a soft landing for U.S. economy, predicting the Fed funds rate to fall from 5.6 percent in 2023 to 5.1 percent in 2024, and U.S. GDP to rise 2.1 percent in 2023 and 1.5 percent in 2024.

The Fed further predicts two rates cuts in 2024 instead of four.

The Bank of Japan and the Bank of England are expected to announce their interest rates decisions later this week.

Silver for December delivery rose 38 cents, or 1.62 percent, to close at 23.836 dollars per ounce. Platinum for October delivery fell 6.10 dollars, or 0.64 percent, to close at 942.30 dollars per ounce.