New York gold futures fell by about 1.3%, briefly approaching $3390, while New York copper hit a historic high.

On Wednesday, the closing price of spot gold in New York fell by 1.22% to $3389.50 per ounce, with intraday trading in a narrow range of $3438.99 to $3416.78 in the "high-level shock", followed by a wave of decline. Media reports that the United States and the European Union are close to reaching an agreement on a 15% tariff resulted in a sharp drop in price from around $3410 to a new daily low of $3381.59 before midnight. COMEX gold futures fell by 1.28% to $3399.50 per ounce, trading in a range of $3451.70 to $3390.60 during the day. The Philadelphia Gold and Silver Index fell by 1.08% to 215.21 points. Spot silver fell by 0.05% to $39.2727 per ounce, while COMEX silver futures rose by 0.03% to $39.565 per ounce. COMEX copper futures rose by 2.02% to $5.8370 per pound, reaching $5.93 at 21:31 according to Bloomberg data. Spot platinum fell by 1.94% to $1416.74 per ounce, while spot palladium rose by 0.32% to $1282.27 per ounce.