Gold futures climbed past $1,170 an ounce in electronic trading Wednesday, extending gains from the regular trading session as the U.S. dollar took a hit in the wake of the Federal Reserve statement, which signaled that the central bank was ready to take modest steps toward rising rates.April gold GCJ5, +1.71% on Comex settled at $1,151.30 an ounce on Comex, up $3.10, or 0.3%, before the Fed announcement. On Tuesday, prices settled at the lowest level since early November.
May silver SIK5, +2.82% fell 3.7 cents, or 0.2%, to settle at $15.541 an ounce for the Comex session, then climbed to $15.935 in electronic trading.
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