Gold fell below 4700 USD, short-term fluctuations drove active trading of Gate-related contracts

The Gate market shows that the gold contract underlyings XAU and PAXG have both fallen below the 4700 USD mark, currently reported at 4698.9 USD and 4694.5 USD respectively. The 24h price changes are -0.59% and -0.45%.

Against the backdrop of short-term volatility, Gate continues to be active in contract trading. According to Coinglass data, the 24h trading volume for Gate XAU contracts reached 203 million USD, with a price increase of 10.86%, and an open interest of 114 million USD; the 24h trading volume for Gate PAXG contracts was approximately 3.4214 million USD, with an open interest of about 11.0763 million USD.

Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts cover various traditional financial assets including stocks, metals, foreign exchange, indices, and commodities, supporting trading of core underlyings such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.