New york: The value of futures for one troy ounce (31.1 grams) of gold has increased on commodity markets, APA-Economics reports, citing exchange data.

According to Azeri-Press News Agency, the value of August 2026 futures for one troy ounce of gold on the COMEX commodity exchange in New York rose by 0.77% to reach $4,591.5. This increase reflects a significant shift in market dynamics as investors continue to monitor economic indicators and global market trends.

In addition, the price of July 2026 futures for one ounce of silver on COMEX saw a notable rise of 2.38%, bringing its value to $78.02. This upward movement in silver prices further highlights the growing interest in precious metals as a hedge against market volatility and economic uncertainty.