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NYMEX History The NYMEX was founded in 1872 and has grown to become the largest physical commodity futures exchange in the world. The CME Group purchased the New York Mercantile Exchange (NYMEX), a commodity trading exchange, in 2008. It is recognized as a Designated Contract Market (DCM), providing the CME Group with products in the…
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Understanding What Is COMEX: An Overview
Introduction to COMEX COMEX is one of the world’s largest futures and commodities exchanges. It is owned by CME Group, which is the world’s largest derivatives marketplace. COMEX was founded in 1933 and is regulated by the Commodity Futures Trading Commission (CFTC). It is also a part of the Chicago Mercantile Exchange (CME). It is…
Understanding Spot Prices: What It Is and Where They Come From
Have you ever heard of spot prices? Let’s dive in and get started! Spot prices are an important tool in the financial markets. They are used to determine a security or commodity’s current value at a particular time. The “spot” refers to the current market, or operating, price. Spot prices provide traders and investors with…
Will Gold prices reach an all-time high in 2023?
As the world economy faces unprecedented uncertainty, investors are looking for safe havens in which to store their wealth. Gold has long been seen as a safe haven, and its prices have risen steadily over the past few years. With many investors wondering if gold prices will reach an all-time high in 2023, let’s…
What correlation does inflation have with Gold prices?
When it comes to understanding the relationship between inflation and gold prices, it is important to understand the role that inflation plays in the value of gold. Inflation is a general increase in the price level of goods and services in an economy over a period of time, and it can have a significant…
