Gold futures climbed above $650 an ounce, touching their highest level in a week, as traders remained focused on the Fed decision. In London spot market gold was offered at $651.80 per troy ounce, up $4.55.

There was little activity for the Dollar during the European session and modest pullbacks against the Yen during the Asian session. The US fourth quarter gross domestic product report was expected to be slightly higher at 3 percent, but came in stronger at 3.5 percent.

Fund buying is expected in India as the country gears up for gold ETFs. Benchmark Asset Management Co. plans to sell securities backed by gold from Feb. 15

Comex gold warehouse stocks remain unchanged at 7,431,355 ounces.

Silver prices continued to rule firm aided by stronger gold. In London spot market silver was offered at $13.59 per troy ounce, up 21 cents. Comex March silver climbed 16.5 cents to $13.54 an ounce.

Copper prices recovered helped by decline in stockpiles. March copper futures traded at $2.581 a pound, up 1.95 cents as the stockpiles showed decline of 275 short tons to stand at 36,135 short tons.

Comex warehouse stocks remain unchanged at 113,958,020 ounces.