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COMEX Gold Futures Surge Nearly 2% Above $5,100 Per Ounce

Gold prices on the COMEX (Commodity Exchange) rose sharply, breaking the $5,100 level amid heightened market activity.

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Terms & Concepts
  • COMEX: A major commodity exchange in New York that trades futures and options for metals including gold, silver, and copper.
  • Gold Futures: Contracts to buy or sell gold at a predetermined price on a specific future date, used for hedging or speculation.