Gold prices retreated from their highs, while Gate XAUT contract trading volume remained among the top three globally.

According to ChainCatcher, influenced by the Federal Reserve maintaining interest rates and expectations of further rate cuts, the gold token XAUT has retreated from its high, falling 2.65% in the last 24 hours to its current price of 4,835.1 USDT, after hitting a low of 4,788.0 USDT during the session. CoinGlass data shows that the total trading volume of XAUT contracts across the network reached $2.274 billion in the last 24 hours, a 117.92% increase compared to the previous period. Gate's trading activity was particularly strong, with XAUT contract trading volume exceeding $113.25 million in the last 24 hours, ranking among the top three globally. Currently, Gate pioneered the metals contract section, offering 24/7 trading and a USDT settlement mechanism, continuously providing users with an efficient and flexible one-stop metals trading experience, facilitating cross-market asset allocation and strategy deployment. In addition, Gate TradFi has opened trading access on both the APP and Web platforms, and fully covers CFD trading services for silver, gold, forex, indices, commodities and some popular stocks, supporting leverage up to 500 times.