Gold and Silver Prices Decline Amid Strong US Consumer Confidence; Gate Holds Second-Largest Market Share in Precious Me

Strong US consumer confidence data has fueled expectations for sustained high interest rates and rising Treasury yields, putting downward pressure on gold and silver. Gold (XAU) is currently trading at $4,225.56, down 1.45% over 24 hours, while silver (XAG) is at $62.69, down 2.41%. Amid this volatility, Gate has seen a surge in trading volume for its precious metal contracts, with its silver contract volume reaching $59.57 million and its gold (XAU) open interest hitting approximately $417.78 million, both ranking second in the industry.