COMEX Metal Futures Options
Gold Futures Silver Futures Copper Futures Platinum Futures Palladium Futures
COMEX Metal Futures and Options
Gold is arguably the most watched and diverse commodity in the world. For some, gold futures are simply a way to access the world jewelry market. For others, gold is what investors reach for in times of economic uncertainty. No one will forget the financial crisis from 2008 and aftermath when investment firms, funds, central banks and individuals entered the gold market to hedge against a potential drop in other asset classes such as stocks, bonds and currencies. Speaking of currencies, gold still continues to take on the role of a “fiat currency” during times of economic stress.
Indeed, gold is a one-of-a-kind commodity with multiple players bringing multiple views and goals. That allows traders to take a position to hedge or profit in ways many other commodities cannot.
Introduction to Precious Metals
When most people hear the words precious metals, they think of jewelry or bullion. However, the precious metals market is more than just gold and silver. Other precious group metals (PGM) include platinum and palladium. These products can be used in jewelry, electronics, automotive manufacturing, and more. They can also be used to manage risk or to serve as a safe haven for capital during times of financial uncertainty. Get to know the precious metals market, explore factors impacting supply and demand, uses both industrial and commercial, and ways to hedge and manage risk.
The precious metals have been the most popular commodity to trade since the 1970s. Gold, silver, platinum and palladium tend to generate the most interest from investors during times of high inflation, political turmoil or economic distress. Gold is usually the most active of the complex, but silver can be very active and volatile at times. Platinum and palladium usually have much less and subdued activity.
The precious metals have been some of the most popular commodities to trade since the 1970s. Gold, silver, platinum and palladium tend to generate the most interest from investors during times of high inflation, political turmoil or economic distress. Gold is usually the most active of the complex, but silver can be very active and volatile at times. Platinum and palladium usually have much less activity.
Trading Gold Futures:
In times of political or economic turmoil, Gold is considered the “go to” metal. The majority of investors flock to gold as a safe haven investment.
Trading Silver Futures:
Silver being an industrial metal supports price fluctuations that mirror economic activity. On the other hand, Gold is considered more of a reserve currency and safe haven investment than silver.
Trading Copper Futures:
Copper like silver is an industrial metal that is mainly used in building construction (electrical and plumbing).
The largest producers of copper are Chile, Peru, South Africa, North America, and Russia. The US, Russia, and Japan are the three largest consumers of copper. In the US, Arizona is responsible for about 65 percent of production.
Trading Platinum and Palladium Futures:
Platinum and palladium are often will be overshadowed by gold and silver. Trading volume is thin and thus less than silver and gold. Both of these metals are used for industrial purposes like catalytic converters, but platinum is also used to mint coins.
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