The volatility in the metal market has intensified, with Gate XAU (gold) and XAG (silver) contract positions firmly ranking among the top two in the industry

Recently, metal market prices have declined, with both gold and silver prices adjusting downwards. According to market data from the Gate platform, gold (XAU) reached a 24-hour low of $3950, currently reported at $3975.53, with a 24-hour drop of 2.35%; silver (XAG) reached a 24-hour low of $56.66, currently reported at $57.48, with a 24-hour drop of 2.13%. According to CoinGlass data, the open interest for Gate XAU contracts reached $204 million, and the open interest for XAG contracts reached $64.8941 million, both firmly ranking in the top two in the industry.