Search results
Apr 19, 2016 · All of us follow COMEX in New York and assess the ‘net speculative long position’ there, so as to see the actual weight of opinion on the gold price. It gives us a clear market opinion, after all. But many of you out there may believe that COMEX is a very large factor in the gold price. Should it be?
Apr 8, 2024 · Key Takeaways. COMEX is the world's largest futures and options trading for metals. It is a division of the Chicago Mercantile Exchange (CME) Group. Metals futures are mostly used for hedging and...
- Will Kenton
People also ask
What is COMEX & how does it work?
What are the benefits of trading on COMEX?
What is the Commodity Exchange Inc (COMEX)?
How does Comex affect the precious metals market?
Aug 21, 2019 · If you have been studying commodity markets or buying bullion chances are high you will have come across the acronym COMEX. Here we discuss what is the Commodity Exchange Inc. (COMEX), its history, and relevance especially to Silver Bullion and Gold Bullion prices at SD Bullion and across the world.
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. Several other metals are also traded here, including silver, aluminum and copper.
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.
Jul 20, 2023 · The main role of COMEX is to provide a venue where buyers and sellers can trade futures and options contracts to deliver metals. These contracts are legal agreements to buy or sell a specific quantity of a particular metal at a predetermined price at a specific future date. Understanding COMEX.
GC is the primary choice by market, while other smaller contracts also enjoy growth. In addition to the standard size GC contract, smaller sized futures contracts (the 50 troy ounce E-mini Gold, 10 troy ounce E-micro Gold, and 1 kilogram Gold Kilo) are also listed on COMEX.
