Spot gold was up 1.4% at $2,796.15/oz. at 11:07 AM (1603 GMT), hitting a record high at $2798.24 earlier in the session. Futures were up +2% at $2825/oz. in early trading.
Spot silver was up 2.2% at $31.48per ounce.
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The Fed, meanwhile, held rates steady on Wednesday, in line with expectations, with Chair Jerome Powell saying there would be no rush to cut them again.
Data showed that U.S. economic growth slowed in the fourth quarter, but robust domestic demand will probably keep the Fed on a slow interest rate cut path.
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