Gold and Silver Prices Retreat, Gate XAUT and XAG Contract Trading Volume Surges Significantly

Odaily News: The metals market has recently experienced a correction. Among them, the international gold (XAUT) price reached a 24-hour high of $4,534.8 and is currently trading at $4,145.4; the international silver (XAG) price reached a 24-hour high of $69.66 and is currently trading at $61.31. As metal prices retreat from highs, market volatility has intensified, and trading sentiment remains active.

According to CoinGlass data, the trading volume for metal contracts on the Gate platform has increased significantly. Among them, the 24-hour XAUT contract trading volume reached $100 million, a 638.49% increase month-on-month, ranking third; the 24-hour XAG contract trading volume reached $130 million, a 506.70% increase month-on-month, ranking in the top two. Against the backdrop of price corrections, intensified battles between bulls and bears have driven a noticeable increase in the trading activity of metal contracts.

Gate pioneered the metal contract trading sector, offering 24/7 uninterrupted trading, providing users with greater strategic flexibility and asset management efficiency in volatile market conditions. Gate contracts already cover various traditional financial assets such as stocks, metals, forex, indices, and commodities, supporting trading of core assets including gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.