Gold futures push higher

Comex and CBOT gold futures have hit their strongest levels since March 2 after the FOMC meeting.

A Fed statement may not only take away the possibility of further U.S. rate hikes, but the next step for policy-makers may be a decision by them on the opportune time in the near future to either begin talking about lowering interest rates or possibly even making an unexpected move to lower rates.

Obviously, for precious-metals markets that track dollar movements pretty closely, that has some significant bullish implications.

The Nybot dollar index is down 29 ticks to 82.82, compared to 83.19 two minutes ahead of the Fed statement.

Comex April gold has hit a high of $664, compared to pit settlement earlier of $660.
CBOT April gold has peaked at $664.20, compared to $659 around two minutes ahead of the FOMC statement.