Precious Metals Volatility Spikes Following Fed Rate Hike

Gold and silver prices dropped approximately 3% from daily highs following the Federal Reserve's interest rate hike decision. Tether Gold (XAUT) is trading at $4,281.15, down 0.77% over 24 hours, while silver (XAG) is at $63.41, down 1.78%. During this period of high volatility, Gate saw its silver contract trading volume reach $253 million and XAUT holdings reach $127 million, both ranking second in the industry.