Gold and silver saw sharp short-term pullbacks, with Gate XAU and XAG contract open interest firmly ranking among the top two in the industry

Odaily News - As macro policy tightening expectations shift and profit-taking capital flows out in a concentrated manner, gold and silver have plunged sharply in the short term, at one point falling over 3%. According to Gate platform market data, gold (XAU) is currently quoted at $4,423.77, down 1.11% in 24 hours; silver (XAG) is currently quoted at $66.33, down 0.67% in 24 hours. According to CoinGlass data, Gate XAU contract open interest has reached $354 million, and Gate XAG contract open interest has reached $83.9624 million, both firmly ranking among the top two in the industry.

Gate pioneered the metals perpetual contract and CFD contract trading segment, 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 diversified assets including stocks, metals, forex, indices, and commodities without cross-platform operations, empowering users to achieve more flexible and efficient one-stop global asset strategy deployment amid volatile market conditions.