Gold prices have retreated from their highs, and Gate XAUT contract trading volume remains among the top three in the world

Affected by the Federal Reserve's decision to maintain interest rates and unchanged expectations for rate cuts, the gold token XAUT has retreated from its high, dropping 2.65% in 24 hours, currently reported at 4,835.1 USDT, with an intraday low of 4,788.0 USDT.

According to CoinGlass data, the total trading volume of XAUT contracts across the network reached 2.274 billion USD in 24 hours, an increase of 117.92% compared to the previous period. Among them, Gate's trading activity is outstanding, with XAUT contracts achieving a 24-hour trading volume of over 113.25 million USD, ranking among the top three globally.

Currently, Gate has launched a metal contract sector, providing 24/7 trading and USDT settlement mechanisms, continuously offering users an efficient and flexible one-stop metal trading experience, aiding in cross-market asset allocation and strategy layout. In addition, Gate TradFi has opened trading access on both APP and Web platforms, fully covering CFD trading services for silver, gold, foreign exchange, indices, commodities, and some popular stocks, with a maximum leverage of 500 times.