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COMEX Gold Futures Surge Past $4,900 for First Time in History

Gold futures on the COMEX exchange reached a historic high, surpassing the $4,900 mark for the first time ever.

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Terms & Concepts
  • COMEX: Commodity Exchange Inc., a U.S.-based market for trading metals such as gold, silver, and copper.
  • Gold Futures: Contracts obligating the buyer to purchase gold or the seller to sell gold at a predetermined future date and price.