Janet Yellen's 'dovish hike' gave a great scenario for markets.
Yellen says the increase reflects the Federal Reserve's confidence in the US economy.
The Fed has raised interest rates by 0.25% to between 0.25% and 0.5%.
US central bank widely expected to increase rates by 25 basis points.
Janet Yellen's Federal Open Market Committee is expected to lift the rate from record low levels.
Federal Open Market Committee votes 9-1 to keep interest rates at its current near-zero levels.
Spot gold prices hit their peak to a three-and-a-half month high since late June on Wednesday.
US central bank says it is "prudent" to wait for more information before raising interest rates.
Easing fears over China and dovish Fed outlook boost risk sentiment among investors.
Prospect of imminent Fed rate hike recedes as US posts tepid employment numbers for September.
Global growth likely to remain tepid in 2016 amid uncertain economic climate, Lagarde says.
Japanese shares wipe out gains for the year as China fears intensify.
Japan's Nikkei rebounded 0.8% to 17,708.94 points at mid-day after closing nearly 3% lower on 24 September.
Investors remain cautious in the wake of the US Federal Reserve's decision to hold interest rates steady.
Global growth fears resurface after US Federal Reserve holds interest rates steady.
Yellen, the 69-year-old in charge of the $16tn US economy has, so far, never touched the rate.
Markets have been obsessed with the Fed, with 'will they, won't they' speculation on interest rates.
Traders remain cautious as the US Federal Reserve considers a first rate hike in nearly a decade.
US central bank widely expected to hold interest rates steady.
Chinese factory output and fixed-asset investment data missed expectations.
Investors cautious ahead of Fed's policy-setting meeting on 16-17 September.
Disappointing figures send markets diving despite record low unemployment rate.