Comex

COMEX (short for Commodity Exchange Inc.) is a major marketplace in New York where traders buy and sell contracts for commodities like gold, silver, copper, and aluminum. It operates as an electronic and physical platform, enabling companies, investors, and traders to hedge against price changes or speculate on future prices. Essentially, COMEX provides a structured environment for trading metal futures, helping to set market prices and ensure transparency. It is a key component of the global commodities market, impacting manufacturing, investments, and economic indicators worldwide.