In finance, the word commodity refers to materials or resources like gold, oil, coffee and wheat. Commodities are fungible, meaning that the quality of gold you buy from one person will be the same as gold you buy from someone else.
Commodities are usually traded as futures or options, agreements to buy or sell the resource at an certain price at a certain date.
Some examples of commodities markets include the Euronext Liffe and the Chicago Mercantile Exchange.
To find out more about commodities and follow their prices on ADVFN get in touch on [email protected] or give us a call on 0207 0700 961 in the UK or 888 992 3836 in the US.