Futures shine bright on COMEX

The 1994 merger between the Commodities Exchange and the New York Mercantile Exchange created the world’s biggest futures and options market for trading gold and other metals. COMEX, as the exchange is called, is home to the world’s leading benchmark futures contract for gold.

In 2020, gold was the most traded security on COMEX at an average of $54bn a day, almost 30% higher than oil. That was quite the reversal from the last decade, when gold traded at approximately $34bn a day while oil (WTI) reached $60.5bn over the same period.

Get the data on gold trading volumes on Goldhub.