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COMEX Gold Futures Reach Record $4,700 Milestone

The U.S.-based COMEX (commodities exchange) gold futures market has surged to an unprecedented $4,700, marking the highest price ever recorded.

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Terms & Concepts
  • COMEX: A U.S.-based commodities exchange known for trading precious metals futures such as gold and silver.
  • Gold Futures: Contracts obligating the buyer to purchase, or the seller to sell, gold at a predetermined price on a specified future date.