COMMODITIES
BULLIONS
A bullion market is a market through which buyers and sellers trade gold and silver as well as associated derivatives. The London Bullion Market is known as the primary global bullion market trading platform for gold and silver.
The bullion market is generally known as the market for gold and silver trading. The bullion market is the primary source for gold and silver trading quotes throughout the day. Multiple bullion markets exist across the globe. These bullion markets are typically characterized as over the counter markets. Bullion markets exist in New York, Zurich and Tokyo with London serving as the location for the largest global bullion market. Bullion market trading is known to have a high turnover rate with transactions conducted electronically or by phone. The industrial uses of gold and silver are the primary market drivers for the pricing of the precious metals. Gold and silver traded in the bullion market can sometimes be used as a safe-haven investment or hedge against inflation which may also affect its trading value.
BASEMETALS
Base metals are any nonferrous (they contain no iron) metals that are neither precious metals nor noble metals. The most common base metals are copper, lead, nickel, tin, aluminum, and zinc. Base metals are more common and more readily extracted than precious metals, which include gold, silver, platinum, and palladium. Noble metals, some of which also are precious, are unlike base metals because they resist oxidation. Some common examples of noble metals include silver, gold, osmium, iridium, and rhodium.