Hard commodities are natural resources that are mined or extracted. They include materials like metals such as gold, silver, and copper, as well as energy resources like crude oil and natural gas. These commodities are typically used in industrial processes, construction, and energy production. The trading of hard commodities occurs on various exchanges, where their prices fluctuate based on supply and demand. Factors such as geopolitical events, economic conditions, and changes in production levels can significantly impact their market value. Investors often trade these commodities to hedge against inflation or diversify their portfolios.