Price of a Commodity

#1
Hi everyone,

I am new to trading and am learning about the various things involved through forums like these. This is my first post here.

One thing I could not find out is that how is the price of a commodity determined ? I mean who fixes the prices of Copper, Gold, Crude oil etc. and how does it change every second ?

It may appear amateurish, but please let me know or point me to a link where i can read about this pricing.

Thanks.
 

Similar threads