The gold contract briefly broke through 4,700 USD, and Gate's spot trading saw the largest increase globally

According to CoinGlass data, the price of gold tokens is fluctuating upwards, with gold contracts XAUTUSDT and PAXGUSDT both breaking above $4700. Currently, XAUT is quoted at $4,682.15, and PAXG is quoted at $4,687.79. Although there has been a short-term pullback, the overall price remains in a high range, and market attention continues to increase.

In addition, in terms of the spot market for gold (PAXG), Gate ranks among the top with a 24-hour trading volume of approximately $1.8846 million, with an increase of up to 99.87%, ranking first.

Currently, Gate has fully deepened its TradFi layout, with the spot sector supporting trading in stocks and metals, and the contract sector covering diversified assets such as gold, silver, foreign exchange, and commodities. With a flexible USDT settlement mechanism and leverage of up to 100 times, Gate continues to assist global investors in achieving cross-market, round-the-clock asset allocation and risk management.