The Fed's hawkish signals trigger fluctuations in gold, with Gate XAUT's spot trading volume consistently ranking among the top two globally

The Federal Reserve has released a hawkish signal, putting pressure on gold prices to decline. According to CoinGlass data, gold (XAUT) is currently priced at $4280.41, down 0.62% in the last 24 hours. Meanwhile, the total 24-hour trading volume of XAUT across the network reached $293 million, with the Gate platform performing particularly well, recording a 24-hour trading volume of $26.6557 million for its XAUT/USDT trading pair, and a 7-day trading volume exceeding $131 million, both ranking in the top two globally. In addition, the total 24-hour trading volume of XAUT contracts across the network reached $1.138 billion, with the Gate platform's position size around $11.9 million, ranking third among global exchanges.