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Commodity

Closing Price

Commodity prices are determined by the forces of supply and demand, which can fluctuate throughout the day. The closing price is the final value of a commodity at the end of a trading day. This is reflective of the overall market sentiment and can be affected by various factors such as economic conditions, geopolitical events, and production levels. Understanding how these factors impact commodity prices is crucial for making informed financial decisions in the world of finance.
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