According to CoinMeta, data from the Gate platform shows that gold ( XAU ) is currently trading at $4,423.77, with a 24-hour decline of 1.11%. Silver ( XAG ) is at $66.33, with a 24-hour drop of 0.67%. As expectations for macroeconomic policy tightening increase and funds seeking to profit from high levels begin to flow out, both gold and silver have seen significant short-term declines, with gold falling by more than 3% at one point. According to CoinMeta's data, the open interest for Gate XAU contracts amounts to $354 million, while that for Gate XAG contracts reaches $83.9624 million, both ranking among the top two in the industry.