Metals Trading
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Terms in Metals Trading
NYSE Arca Gold BUGS Index
The NYSE Arca Gold BUGS Index, also known as the HUI Gold Index, is an index of publicly-traded gold-mining companies useful for tracking gold prices. read more
Demurrage
Demurrage refers to the storage costs for a currency or commodity. It also refers to a penalty paid by cargo ship operators. read more
New York Mercantile Exchange (NYMEX)
The New York Mercantile Exchange is the world's largest physical commodity futures exchange and a part of the Chicago Mercantile Exchange Group. read more
Precious Metals
Precious metals are rare metals that have a high economic value, such as gold, silver, and platinum. read more
Troy Ounce
A troy ounce is a unit of measure for precious metal weight that dates back to the Middle Ages. One troy ounce is equal to 31.10 grams. read more
Vault Receipt
A vault receipt is a document that shows ownership of precious metals stored in a bank, warehouse, or depository. read more