Asset classes
Gold per ounce, oil per barrel, copper per pound. With commodities the unit is part of the price — without it the number says nothing.
3,418 for gold and 4.61 for copper look comparable side by side, and they are not: one is a price per troy ounce, the other per pound. That is why the unit always sits next to the price on this page.
Troy ounce — 31.103 grams. The customary unit for precious metals.
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Pound — 453.6 grams. Used for copper in the United States.
HG
Metric tonne — 1,000 kilograms. Standard at the London Metal Exchange.
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Barrel — 158.99 litres. The measure of the crude oil trade.
BRNWTI
Million British Thermal Units — a quantity of energy, not of mass.
NG
Grouped by family. Bronze is deliberately absent: it is an alloy and is not traded on any exchange.
3,886.30USD/oz
49.031USD/oz
1,488.50USD/oz
Commodity prices are formed on futures exchanges — COMEX, NYMEX, ICE and the London Metal Exchange. Their price data is licensed.
For the time being we obtain the values automatically from an external data service and refresh them roughly every ten minutes. What is shown is the front-month futures contract, not the spot price — each value states which one.
Frequently asked questions
1,006.00USD/oz
95.84USD/bbl
88.56USD/bbl
3.230USD/MMBtu
6.0800USD/lb
3,022.30USD/t
15,773.00USD/t
3,722.75USD/t
1,885.30USD/t
