Gold and silver both pulled back GateXAU and XAG contract turnover leads the industry

According to Gate quotes, gold (XAUUSDT) fell below US$4600 and is now reported at US$4,596.86, a 24-hour decline of about 1.66%; silver (XAGUSDT) fell below US$74 and is now reported at US$73.77, a 24-hour decline of 0.74%. Against the background of the correction of gold and silver, overall trading activity increased instead of decreasing.<br /> According to CoinGlass data, the 24-hour contract turnover of gold (XAU) on the Gate platform reached US$230 million, an increase of 122.30%, ranking among the top in the world; the 24-hour contract turnover of silver (XAG) was approximately US$315 million, an increase of 213.96%, and the position was approximately US$21.5244 million, ranking among the top two in the world.<br /> Gate pioneered the metal contract trading segment, providing 7×24-hour uninterrupted trading, providing users with greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts have covered many types of traditional financial assets such as stocks, metals, foreign exchange, indices and commodities, and support core underlying transactions such as gold, silver and global hot stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.