New York gold futures fell more than 1.7%, and the Philadelphia Gold and Silver Index closed down more than 3.3%

On Wednesday (July 30), at the end of trading in New York, spot gold fell 1.57% to $3,274.03 per ounce. COMEX gold futures dropped 1.72% to $3,266.90 per ounce; the October contract fell 1.72% to $3,295.60, fluctuating within a narrow range before the release of U.S. GDP data at 20:30 Beijing time—forming an intraday peak, and then continued to decline. The Philadelphia Gold and Silver Index closed down 3.34% at 204.07 points, after gapping down and then fluctuating within a narrow range until the Federal Reserve released its interest rate decision statement at 02:00—forming an intraday peak, followed by a sustained and significant increase in the decline. Spot silver fell 2.79% to $37.1428 per ounce, starting to decline continuously before 14:00, and accelerated downward from 02:00. COMEX silver futures dropped 3.01% to $37.135 per ounce. Spot platinum fell 5.45% to $1,317.28 per ounce; spot palladium fell 2.72% to $1,219.17 per ounce