Commodities are raw materials or primary agricultural products that are traded on exchanges. They are the building blocks of the global economy and are used to produce a wide range of goods, from food and energy to clothing and electronics.
There are many different types of commodities, including metals, energy, and agricultural products. Each type of commodity has its own unique characteristics and trading patterns. For example, gold is a precious metal that is used in jewelry and investment, while crude oil is a fossil fuel that is used to power vehicles and generate electricity.