...Fed projects short-term interest rates to stay near zero until late 2014
...Gold, which earns no interest, is more competitive against Treasurys in a low interest rate environment...hence gold up $30 since announcement
http://www.theglobeandmail.com/report-on-business/economy/interest-rates/fed-says-no-rate-hikes-until-late-2014/article2314515/