New york: The value of futures contracts for one troy ounce (31.1 grams) of gold has increased in the commodities markets, APA-Economics reports, citing exchange data. On New York's COMEX commodity exchange, the value of August 2026 futures for one troy ounce of gold increased by 2.42% to reach 4,213.4 US dollars.

According to Azeri-Press News Agency, on COMEX, the price of July 2026 futures for one ounce of silver also increased by 4.8%, reaching 67.07 US dollars.

This surge in futures contracts indicates a significant movement in the commodities markets, reflecting potential changes in investor sentiment and economic conditions.