Gold and silver both fell, with Gate's contract activity ranking among the top three in the world

The gold token XAUT has fallen below the $4700 mark, currently reported at $4686.1, with a 24-hour decline of 2.96%; silver XAG is currently reported at $74, with a 24-hour decline of 2.98%.

According to CoinGlass data, the market activity for gold (XAUT) and silver (XAG) has significantly increased. Among them, the trading volume of XAUT contracts has exceeded $2.999 billion, with an increase of up to 32.43%; the trading volume of XAG contracts has exceeded $5.447 billion, with an increase of up to 90.70%, with a total contract open interest of about $303 million. Among these, the trading volume of XAUT contracts on the Gate platform has exceeded $211.24 million, ranking third globally; the open interest of XAG exceeds $18.51 million, ranking among the top three globally; the trading volume of XAG contracts exceeds $451.81 million, ranking third globally.

Currently, Gate has launched a metal contract sector, 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, supporting up to 500 times leverage.