Spot gold rose more than 0.3%, briefly surpassing $3700 to hit a record high before the opening of the Federal Reserve policy meeting. The gold and silver index fell by about 2.3%.

On Tuesday, the closing price of spot gold in New York rose by 0.36% to $3691.94 per ounce, and continued to rise from 11:00 to 22:19 Beijing time, hitting a new historical high of $3703.07 before partially retreating. COMEX gold futures rose by 0.31% to $3730.50 per ounce, reaching a high of $3739.90 at 22:18, setting a new intraday high. The Philadelphia Gold and Silver Index fell by 2.29% to 271.48 points. The NYSE ARCA Gold Miners Index fell by 1.48% to 1936.62 points, remaining roughly stable before the US stock market opened, and then significantly decreasing to a low of 1929.31 points at 23:33. Spot silver fell by 0.22% to $42.5859 per ounce, while COMEX silver futures dropped by 0.13% to $42.905 per ounce. COMEX copper futures fell by 0.34% to $4.7015 per pound. Spot platinum fell by 0.75% to $1396.27 per ounce, and spot palladium dropped by 0.91% to $1181.41 per ounce.