Gold and Silver Retreat; Gate XAU, XAG Contracts Lead in Trading Volume

Gate News message, April 29 — Gold (XAUUSDT) fell below $4,600, trading at $4,596.86 with a 24-hour decline of 1.66%, while silver (XAGUSDT) dropped below $74, trading at $73.77 with a 24-hour decline of 0.74%. Despite the pullback, overall trading activity remained robust.

According to CoinGlass data, Gate's XAU 24-hour contract trading volume reached $230 million, up 122.30% and ranking among the top globally. XAG 24-hour contract trading volume reached approximately $315 million, up 213.96%, with open interest at approximately $21.52 million, both ranking in the top two globally.

Gate pioneered the precious metals futures trading segment, offering 24/7 uninterrupted trading and enhanced strategy flexibility and asset management efficiency amid volatile markets. Gate's contract offerings now cover stocks, metals, forex, indices, and commodities, with core products including gold, silver, and popular global stocks. The platform continues to build a more efficient and professional multi-asset trading destination for global users.