New York: Gold and silver futures experienced a downturn on commodity markets.

According to Azeri-Press News Agency, citing exchange data, the price of gold futures per troy ounce has decreased significantly.

On New York's COMEX commodity exchange, the price of gold futures for June delivery saw a decline of 1.89%, settling at $3,354.8 per troy ounce. This marks a notable drop below the $3,400 threshold, reflecting changes in market dynamics and investor sentiment.

Additionally, the price of silver futures for May delivery on COMEX also witnessed a decrease, falling by 0.49% to reach $33.05 per ounce. This simultaneous decline in both gold and silver futures suggests a broader trend affecting the precious metals market.