What is Gold

Gold
The ISO currency code of gold bullion is XAU. In various countries, gold is used as a standard for monetary exchange, in coinage and in jewellery. The gold content of gold alloys is measured in carats (k), pure gold being designated as 24k Today, gold has fallen out of favor for use in coins made for general circulation

SILVER
Silver has been known since ancient times and has long been valued as a precious metal, used to make ornaments, jewellery, high-value tableware and utensils and currency coins Silver metal dissolves readily in nitric acid to produce silver nitrate Jewellery and silverware are traditionally made from sterling silver The ISO currency code of silver bullion is XAG.

Copper is one of the basic chemical elements. In its nearly pure state, copper is a reddish-orange metal known for its high thermal and electrical conductivity. Copper is an essential mineral that plays an important role in iron absorption and transport. Today, the United States and Chile are the world's top two copper producing countries, followed by Russia, Canada, and China.

Copper Trading
Copper trading continues to be an important foundation for manufacturers and traders alike Copper is traded on three commodity exchanges: The London Metal Exchange (LME), the Commodities Exchange Division of the New York Mercantile Exchange (COMEX/NYMEX), and the Shanghai Metal Exchange (SHME). On the LME, copper is traded in 25-ton lots and quoted in US dollars per ton. On COMEX, copper is traded in lots of 25,000 pounds and quoted in US cents per pound. On the SHME, copper is traded in lots of 5 tons and is quoted per ton.

SOME OF THE MAJOR EXCHANGES DEALS IN GOLD TRADE
1: CHINESE GOLD AND SILVER RXCHANGE SOCIETY
2: ISTANBUL GOLD EXCHANGE
3: TOCOM (TOKYO COMMODITY EXCHANGE)
4: COMEX.
SOME OF THE MAJOR EXCHANGES DEALS IN SILVER:
1: NYMEX
2: CHINESE GOLD AND SILVER EXCHANGE SOCIETY
TRADING HOURS: 9:00AM-2.30PM (EST)
THE PRICE OF RAW MATERIALS AFFECTS THE PRICE OF FINISHED PRODUCTS
LIKE SILVER AND GOLD.

Commodity trading:
A commodity is something for which there is demand, but which is supplied without qualitative differentiation across a given market. Generally, these are basic resources and agricultural products such as iron ore, crude oil, ethanol, sugar, soybeans, aluminium, wheat, gold and silver.