Gold returns above $5,000, with Gate XAU contract trading volume ranking among the top three in the world

The gold (XAU) market is showing a high-level fluctuation trend. The opening price today is reported at $5,034.53, with a highest intraday peak of $5,046.36 and a lowest dip to $4,970.00. As of the time of writing, the gold price is fluctuating around $5,000.50, with a slight increase of 0.61% over the past 24 hours.

According to CoinGlass data, the total trading volume of gold contracts across the network reached $924 million in the last 24 hours, with open interest rising to $231 million, a week-on-week increase of 9.73%. Among them, Gate's gold trading activity is particularly prominent, with XAU contracts achieving a 24-hour trading volume of $56.4092 million, ranking among the top three globally.

Currently, Gate has launched a metal contract section, providing 24/7 trading and USDT settlement mechanisms, continuously offering users an efficient and flexible one-stop metal trading experience, aiding in cross-market asset allocation and strategy layout. In addition, Gate TradFi has opened trading access on both APP and Web, fully covering CFD trading services for silver, gold, foreign exchange, indices, commodities, and some popular stocks, with a maximum leverage support of 500 times.