Baku: The value of futures for one troy ounce (31.1 grams) of gold rose in commodity markets, stated in the exchange data, APA-Economics reports. On New York's COMEX commodity exchange, the value of August 2026 gold futures for one troy ounce increased by 1.2% to $4,096.3. The price of September 2026 silver futures for one ounce on COMEX also rose by 1.49% to $59.67.

According to Azeri-Press News Agency, the rise in gold and silver prices marks a significant development in the commodities market, indicating a potential trend that traders and investors are closely monitoring. The increase in the value of these precious metals futures reflects market sentiments and could be driven by various economic factors influencing demand and supply. The data from the exchange highlights the ongoing volatility and opportunities within the commodity markets.