Commodity Exchange Inc. (COMEX)

Commodity Exchange Inc. (COMEX) is a major marketplace where traders buy and sell futures contracts for metals like gold, silver, copper, and aluminum. A futures contract is an agreement to buy or sell a specified amount of a metal at a set price on a future date, helping producers, consumers, and investors manage price risk. COMEX operates as part of the New York Mercantile Exchange (NYMEX) and provides a transparent, regulated environment for trading metals, facilitating price discovery and liquidity. Its activities influence global metal prices and serve as a benchmark for the commodities market.