Gold and Silver Plunge in Tandem, Gate XAU and XAG Contract Open Interest Rank Among Top Two in the Industry

Odaily Planet Daily News On July 13, the metals market experienced a sharp synchronized sell-off, with silver falling more sharply than gold. According to Gate data, Gold (XAU) is currently at $4,061.40 (-1.19%), hitting a 24-hour low of $4,055.42. Silver (XAG) is currently at $58.22 (-2.69%), hitting a 24-hour low of $58.10. CoinGlass data shows that Gate XAU contract open interest reached $168 million, ranking among the top two in the industry, with a 24-hour trading volume of $61.8691 million. Gate XAG contract open interest reached $51.5267 million, also ranking among the top two in the industry, with a 24-hour trading volume of $33.4646 million.

Gate pioneered the metals perpetual contract and CFD contract trading sector, covering mainstream metals trading targets such as gold, silver, and platinum, supporting 7×24 hour trading and USDT settlement. Leveraging Gate's innovative unified account system, users can allocate diversified assets including stocks, metals, forex, indices, and commodities without cross-platform operations, helping users achieve more flexible and efficient one-stop global asset strategy deployment amid volatile market conditions.