Gold and silver fell sharply, with Gate XAU and XAG contract open interest ranking among the top two in the industry

According to Odaily, on July 13, the metals market experienced a sharp synchronized decline, with silver falling more deeply than gold. Data from the Gate platform shows that Gold (XAU) is currently at $4,061.40 (-1.19%), with a 24-hour low of $4,055.42; Silver (XAG) is at $58.22 (-2.69%), with a 24-hour low of $58.10. CoinGlass data indicates that Gate XAU contract open interest reached $168 million, ranking in 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 in 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 metal trading instruments such as gold, silver, and platinum, supporting 7×24-hour trading and USDT settlement. Leveraging Gate's innovative unified account system, users can allocate diverse assets such as stocks, metals, forex, indices, and commodities without cross-platform operations, helping users achieve more flexible and efficient one-stop global asset strategy deployment during volatile market conditions.