Gold has rallied cautiously on the news and would disappoint if it does not re-test highs of the move above $1,300 soon with yields and dollar lower."
The metal is highly sensitive to U.S. interest rates, increases in which lift the opportunity cost of holding non-yielding gold and boost the dollar, in which gold is priced.
"With regards to the dot plot, the median of FOMC participants still see two hikes occurring in 2016, however now six participants see only one hike this year as opposed to only one in March," said Royce Mendes, director and senior economist at CIBC Capital Markets in Toronto. Mendes said they do not expect a rate hike until September.
Bullion already rallied for the prior five sessions as assets seen as higher risk, such as shares, saw heavy losses on concerns about Britain's possible exit from the European Union, commonly referred to as Brexit. Yields on safe-haven German Bunds fell below zero for the first time.
Gold priced in sterling turned higher after the Fed statement, rising 0.4 percent a nearly three-year peak.
On Tuesday, holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose to the highest since October 2013.
Among other precious metals, silver futures were up 0.61 percent at $17.53 an ounce, platinum futures were up 0.6 percent at $978 an ounce and palladium futures were 0.5 percent lower at $533.10 an ounce.