Gold and Silver Experience Coordinated Decline, Gate XAU and XAG Contract Open Interest Ranks Among Top Two in the Industry

Odaily Planet Daily News: On July 13, the metal market experienced a sharp coordinated decline, with silver falling more than gold. According to Gate exchange data, 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. Data from CoinGlass shows that Gate's 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's 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 a trading section for metal perpetual contracts and CFD contracts, covering mainstream metal trading instruments such as Gold, Silver, and Platinum, supporting 7x24 trading and USDT settlement. Leveraging Gate's innovative unified account system, users can allocate diversified assets such as stocks, metals, forex, indices, and commodities without the need for cross-platform operations, helping users achieve a more flexible and efficient one-stop global asset strategy layout amidst volatile market conditions.