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.
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