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Definition of 'COMEX'
The primary market for trading metals such as gold, silver, copper and aluminum. Formerly known as the Commodity Exchange Inc., the COMEX merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading.
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Investopedia explains 'COMEX'
The merger between Commodity Exchange Inc. and the New York Mercantile exchange has created the world's largest physical futures trading exchange. Since the merger in 1994, the COMEX division has incorporated the trading of aluminum future contracts.
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These diverse asset classes can provide downside protection AND upside potential. Find out how to use them.
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From the orange juice we drink to the gas we use to power our vehicles and heat our homes, commodities play important roles in our daily lives.
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The quest for this shiny commodity has made millionaires of paupers and, on the flip side, ruined many an investor.
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