What does Comex stand for?

COMEX is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum. COMEX is an abbreviation of the exchange's full name: The Commodity Exchange Inc. COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the platform responsible for its metals trading.

What is the Commodity Exchange Inc (COMEX)?

(Gold, Silver Futures Contracts) If you have been studying commodity markets or buying bullion chances are high you will have come across the acronym COMEX. Here we discuss what is the Commodity Exchange Inc. (COMEX), its history, and relevance especially to Silver Bullion and Gold Bullion prices at SD Bullion and across the world.

Does Comex deliver gold stocks?

Comex itself does not deliver gold stocks. The gold comes from the sellers of the future (shorts), but the Comex exchange ensures that the delivery of gold complies with its own strict set of standards. In order to guarantee the specified fineness (a purity of at least 99.5 percent) the gold bars must be produced by refiners commissioned by Comex.

What is the second half of COMEX history?

The second half of COMEX history is closely linked to the history of the world’s later 20th and 21st Century gold price. And not merely the gold price vs US dollars, but the COMEX has also heavily influenced the gold price vs all fiat currencies issued over the same timeframe.