Gold holds steady after Fed meeting,watches dollar

SINGAPORE, Dec 13 (Reuters) Gold was mostly steady on Wednesday after the Federal Reserve kept interest rates unchanged, and dealers said the metal was likely to trade in the $625 to $632 range.

-- Spot gold rose as high as $629.50 an ounce and was at $629.20/630.70 an ounce by 0029 GMT, hardly changed from $629.40/630.90 late in New York on Tuesday.

-- Benchmark gold futures on the Tokyo Commodity Exchange fell five yen per gram to 2,390 yen, reflecting losses in New York's COMEX market.

-- The U.S. Federal Reserve held the overnight federal funds rate target steady at 5.25 percent for a fourth straight meeting on Tuesday, while renewing a warning that risks from inflation remain.

-- The euro was steady at $1.3275.

-- Platinum was unchanged at $1,109/1,114 an ounce.

-- Silver edged down to $13.84/13.91 an ounce from $13.85/13.92 an ounce in New York.

-- Palladium eased to $326/331 an ounce from $327/333.

REUTERS DKS PM0620