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Commodity
A commodity is a basic good or raw material that can be bought, sold, or traded in financial markets. Commodities are typically classified into two categories: hard commodities, such as gold, silver, crude oil, and natural gas, and soft commodities, including agricultural products like wheat, coffee, and cotton. These goods serve as essential inputs in industries and global trade. Commodities are traded in spot and futures markets, allowing businesses and investors to hedge against price fluctuations or speculate for profit. The prices of commodities are influenced by factors such as supply and demand, geopolitical events, and economic conditions.