Gold prices retraced to the $4,980 level seeking support; Gate XAU contract open interest ranks among the top three globally.

PANews reported on February 13th that the gold (XAU) market continued its high-level consolidation pattern. Although it encountered short-term resistance and retraced, the overall price of gold remained firmly above $4,900, demonstrating strong support. According to data from the Gate platform, XAU reached a 24-hour high of $5,082.82 and a low of $4,888.09. As of press time, XAU was fluctuating narrowly around $4,980.42, with a 24-hour decline of approximately 1.69%.

According to CoinGlass data, the total trading volume of XAU contracts across the network reached $2.057 billion in the past 24 hours, with an open interest of $258 million, representing a 4.30% increase compared to the previous period. Among major trading platforms, Gate.io stood out in terms of trading activity, with its XAU contract open interest exceeding $21.73 million, ranking among the top three globally, demonstrating extremely high investor participation and market depth.