NEW YORK, DECEMBER 12 — Precious metals saw an uptick in prices on December 11, 2024, with gold, silver, and platinum futures all rising in value. The price of gold futures increased by 0.38%, reaching $2,748.20 per ounce. Silver futures rose by 0.70%, settling at $32.95 per ounce, while platinum futures gained 0.21%, reaching $955.10 per ounce. All prices are quoted in troy ounces (31.1 grams).
NYMEX Overview
The New York Mercantile Exchange (NYMEX), a key U.S. futures market founded in 1882, handles a wide range of commodities. It operates through two main divisions: the NYMEX Division and the COMEX Division. The NYMEX Division facilitates the trading of oil, gas, platinum, palladium, ethanol, coal, electricity, and carbon dioxide emissions. Meanwhile, the COMEX Division focuses on the trading of precious metals like gold, silver, copper, and aluminum.
Armenpress reports that these movements reflect ongoing shifts in the global precious metals market.
