New york: Gold and silver prices increased in global markets. On the COMEX Commodity Exchange in New York, the price of one troy ounce of gold rose by $124.80 to reach $4,238.80. Silver also posted gains, rising by $3.97 to $67.97 per ounce.

According to Azerbaijan State News Agency, these increases in prices reflect current trends in the commodities market, with both metals experiencing significant appreciation. The factors influencing these price movements include market demand, currency fluctuations, and geopolitical developments.

Gold and silver have traditionally been seen as safe-haven assets during times of economic uncertainty, and their recent price rises may indicate investor sentiment leaning toward caution. The COMEX Commodity Exchange is a major trading platform for these metals, and its price updates are closely watched by traders and analysts worldwide.