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Ten of the Most Traded Commodities in the World March 03, 2021 09:53 UTC
The commodity market is popular with many traders, partly because of the high levels of volatility which can be present, allowing traders to profit from both rising and falling prices. Moreover, commodities offer traders and investors an opportunity to diversify their portfolio, which is an important part of risk management.
In this article, we will take a close look at ten of the most traded commodities in the world, what drives their prices and how you can trade them!
What Are Commodities?
Commodities can be either raw materials or agricultural products which, although sometimes a good in their own right, are generally used as the “building blocks” for other goods and services. The word commodity, therefore, covers a myriad of different goods, from sugar to crude oil, from cotton to steel.