COMEX (New York metals exchange) Gold Futures Jump 3% as Markets React to United States–Venezuela Fallout

Markets responded to fallout in relations between the United States and Venezuela, with COMEX (New York metals exchange) gold futures rising about 3% amid the reported reaction.

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Terms & Concepts
  • COMEX: A New York-based commodities exchange where metals futures, including gold, are traded.
  • Gold futures: Standardized contracts to buy or sell gold at a set price on a future date, used for hedging and speculation.