New york: The price of gold futures has crossed the $4,700 threshold in commodity markets, marking a significant increase. The price of February 2026 futures for a troy ounce of gold on the COMEX Commodity Exchange in New York rose by 2.56%, reaching 4,713.20 US dollars.
According to Azeri-Press News Agency, the price of March 2026 futures for an ounce of silver on the COMEX also saw a notable rise, increasing by 6.49% to 94.29 US dollars. This development in the precious metals market indicates a substantial shift in investor sentiment and market dynamics.