On Tuesday afternoon, spot gold broke through the previous high, standing above $4700 per ounce for the first time in history. In the first month of the new year, it has cumulatively increased by 8.8%, with a range increase of over $380.

Previously, New York futures gold had already stood above $4700 per ounce, setting a new historical record.

Meanwhile, spot silver briefly reached a historical high of $94.7295 per ounce during the session, before retreating.