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- COMEX is significant to investors because it provides a transparent marketplace for trading precious metals futures and options, facilitates price discovery, and is a crucial reference point for global metal prices.
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What is COMEX & how does it work?
Why is COMEX important to investors?
How does Comex affect the precious metals market?
What is the difference between COMEX gold and silver futures?
Mar 26, 2018 · COMEX Gold futures trade nearly 24 hours a day with excellent liquidity, reflecting the 24-hour global over-the-counter (OTC) market for gold. Conversely, Gold ETFs typically trade like equities, and are not available to most investors on a 24-hour basis.
- What Is Comex?
- Understanding Comex
- Comex and Event Contracts
- Special Considerations
- The Bottom Line
COMEX is an abbreviation of The Commodity Exchange Inc. COMEX is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum. 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...
Commodity Exchange Inc. (COMEX), the main exchange for silver and gold futures, was first 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 Commodity Exchange Inc. and the New ...
COMEX has outlined specific guidance on certain types of contracts. Each contract is associated with a strike price, and upon expiration, pays out a fixed settlement value based on the relationship between the daily settlement price of the underlying futures contract and the strike price. Strike prices are listed according to specified intervals, a...
It is important to note that the COMEX itself does not supply precious metals. These are made available by the seller as part of the contract rules. A short seller that does not have the metals to deliver must liquidate their position by the last trading day. A short that goes to delivery must have the metal, such as gold, in an approved depository...
COMEX, a division of the CME Group, is a leading platform for trading futures contracts on precious and base metals such as gold, silver, and copper. It facilitates price discovery, hedging, and speculation, influencing global metal markets while providing participants with opportunities to manage risk and seek profit through commodity trading.
- Will Kenton
Apr 10, 2024 · Buying Guide. Precious Metals Pricing. What is COMEX? Published onApril 10, 2024. by APMEX. COMEX, short for the Commodity Exchange, is one of the primary futures and options exchanges for trading precious metals, including gold, silver, copper, and other commodities.
The COMEX Gold vs COMEX Silver spread futures is a very popular commodities spread trade on CME Group. Although the unit price of silver (around $17 per ounce in Q1 2018) is much lower than that of gold (around $1,300 per ounce in Q1 2018), the value of a COMEX Silver contract is around $85,000, or about two-thirds that of a COMEX Gold contract.
COMEX is the foremost market for trading futures and options for metals, including gold, silver, copper, aluminum, palladium, platinum, and steel. Formerly, COMEX was called Commodity Exchange Inc. before its merger with the New York Mercantile Exchange in the 1990s.
Investor's Guide to Gold & Silver. What is the COMEX? The COMEX is the main exchange for gold futures and is a division of the Chicago Mercantile Ex-change, or the “CME” for short. COMEX simply stands for “Commodity Exchange”, and it’s not just gold that is traded here.
The spot price of metals like gold and silver is determined by trading on the COMEX exchange. While the exchange is key when it comes to price discovery and price risk hedging, it is not commonly used for actual physical deliveries. Should one wish to take delivery of metals from the COMEX, one needs to understand the process and expense ...
