Comex gold futures
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- what is comex gold futures
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Comex copper!
What Is COMEX? Definition, History, and Examples of Metals Traded
What Is COMEX?
COMEX is an abbreviation for The Commodity Exchange. COMEX is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum.
Comex meaning
COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the platform responsible for its metals trading. In 2008, the CME Group purchased the NYMEX, including its COMEX division.
Key Takeaways
- COMEX is the world's largest futures and options trading for metals.
- It is a division of the Chicago Mercantile Exchange Group.
- Metals futures are mostly used for hedging and are not typically delivered.
- The COMEX does not supply metals but instead acts as an intermediary.
Understanding COMEX
The Commodity Exchange is the main exchange for silver and gold futures.
It was founded in 1933 through the merger of four smaller exchanges based in New York: the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange. The merger between the Comm
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