Metals Futures

Gold is the world's premier safe-haven asset and the most liquid of all precious metals futures. Gold prices are driven by real interest rates, the US dollar, inflation expectations, central bank buying, and global risk sentiment. Gold futures on COMEX are the global benchmark for gold pricing. A 100 troy ounce contract, GC is one of the most actively traded commodity futures in the world.

Silver is both a precious metal and an industrial metal, used in electronics, solar panels, medical applications, and photography. Silver is significantly more volatile than gold and tends to outperform gold in bull markets while underperforming in bear markets. The gold-to-silver ratio is a commonly watched indicator for silver traders.

Copper is the most widely used industrial metal in the world, essential for electrical wiring, plumbing, construction, and electronics. Copper futures are often considered a leading indicator of global economic health — rising copper prices typically signal economic expansion. Chinese demand, global infrastructure spending, and mining supply disruptions are the primary price drivers.

Platinum is rarer than gold and has significant industrial demand, particularly in catalytic converters for automobiles. Over 70% of the world's platinum supply comes from South Africa, making supply disruptions a significant price driver. Platinum is also used in fuel cells, medical devices, and jewelry. The platinum-gold spread is watched by many traders.

Palladium is used primarily in catalytic converters for gasoline-powered vehicles. Russia and South Africa together produce over 80% of the world's palladium supply, making it highly sensitive to geopolitical disruptions. Palladium experienced one of the most dramatic bull markets of any commodity in recent history, driven by tightening emissions regulations and supply constraints.