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Gate’s Gold Contract Places Third in Volume as Prices Retreat From $4,100

Gate’s XAG contract ranked second in both measures, with about $415 million in volume and $134 million in position value; silver fell 2.39% over 24 hours.

Updated 1 min read
A worker weighs a gold bar at a precious-metals dealer on Hatton Garden, London. / TokenPost.ai
A worker weighs a gold bar at a precious-metals dealer on Hatton Garden, London. / TokenPost.ai

Gold fell below $4,100 as Gate’s gold-linked XAU and silver-linked XAG contracts placed second or third among centralized exchanges for volume and position value in a Friday, Nov. 6 snapshot.

Gold’s 6 a.m. ET quote Friday, Nov. 6 (11:00 UTC), was $4,071.64, down 1.47% over 24 hours. Gold topped $4,100 earlier in the session, then retreated below it. Silver was $51.94, down 2.39% over 24 hours.

Gate’s XAU contract placed third for both measures, with about $613 million in volume and $220 million in position value. XAG ranked second in each category, with a position value of $134 million and volume near $415 million.

Platinum is part of Gate’s metals offering. Trading runs 24 hours a day, with Tether (USDT) used for settlement. Gate’s unified account also includes stocks, foreign exchange, indexes and commodities.

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