Gold and silver rebounded and are now experiencing narrow fluctuations at high levels, with Gate XAU and XAG contracts ranking among the top two in the industry

Last weekend's unexpected cold non-farm data reversed the consecutive decline of gold and silver over the past few weeks. On July 6, after a rebound in gold prices, a high-level narrow fluctuation market emerged. According to data from the Gate platform, gold (XAU) is currently priced at $4165.04, with a 24-hour decline of 0.26%; silver (XAG) is currently priced at $61.94, with a 24-hour decline of 1.13%. In the correction market, trading of gold and silver-related contracts is active. Data from the CoinGlass platform shows that the Gate XAU contract has a position amount of $155 million, ranking among the top two in the industry, with a 24-hour trading volume of $47.5522 million; the Gate XAG contract has a position amount of $60.9402 million, also ranking among the top two in the industry, with a 24-hour trading volume of $30.6943 million.