Commodity markets are platforms where raw materials or primary products, such as oil, gold, and agricultural products, are bought and sold. These markets help determine the prices of these goods based on supply and demand dynamics. Traders in commodity markets often use futures contracts to hedge against price fluctuations. Financial markets, on the other hand, involve the trading of financial instruments like stocks, bonds, and currencies. These markets facilitate the raising of capital, investment, and risk management. They play a crucial role in the economy by enabling the flow of funds between savers and borrowers, influencing overall economic growth.