Do you want to know more about commodities prices APIs? If so, here are three standout features you should know about them!
As you may know, commodities are tradable items that are often exchanged. Both industrial materials like steel or oil and agricultural products like corn or coffee could be used to create it. And as you would expect, the market forces of supply and demand set the prices for these commodities; just like they do for all traded things.
With these considerations, it is essential to stay current on developments in the commodity market in order to make intelligent investments or trades. Fortunately for you, if you use an API for commodity prices, you can quickly and simply find out the price of any commodity in a matter of seconds.
3 Stand-out Features You Should Know About Commodities Prices APIs
Using an API for commodity data is the best, quickest, and most direct approach to get accurate prices from trustworthy sources.
- Access to the most recent prices. Both, large organizations and developers commonly use APIs for commodity prices since they provide them with immediate access to the most recent commodity pricing. You won’t have to waste time looking up prices on several financial websites when you have one at your disposal.
2. Accurate data. Additionally, you can be confident that you will receive accurate data when using an API for commodities prices; because an APl’s data is always accurate since it was gathered using artificial intelligence; and machine learning techniques from a variety of trustworthy financial sources.
3. Ease of usage and integration. Nothing needs to be installed; all you need is a computer, a solid internet connection, and an API provider. The conversion will be available immediately as a JSON answer once you have simply entered the unit you wish to convert!
So, if you’re seeking for a trustworthy means to get commodity prices, we advise using Commodities-API; an API with more than six years of market experience. This one is a trustworthy JSON API that offers currency conversion and real-time commodities prices.
Commodities-API is capable of transmitting real-time commodity data at a pace of 60 seconds with a precision of two decimal places. Furthermore, this web service is supported by a reliable backup system; ensuring high availability and response speeds for some API requests of under 50 milliseconds.
How To Get Started With This API
It couldn’t be simpler to use Commodities-API—just follow these instructions and get started in no time:
- First, register on Commodities-API website first in order to get an API key. Additionally, you may choose the best plan for you right here. Currently, Commodities-API offers the beginning (no-cost), basic, and professional plans. Choose the option that best suits your needs after carefully comparing the differences between each.
- Your API key has to be authorized next. You’ll be able to start making API calls in this manner. To get started, just insert your bearer token into the AUthorization header.
- Choose the currency you wish to view your pricing in after completing the aforementioned procedures, and then pick the commodity symbol you want. Remember that you have access to more than 170 currency.
- Send the API request last, then wait for a response.
And that’s pretty much it! If you want to learn more about this great API just visit Commodities-API website and read its Documentation.
Related post: A Comprehensive Guide To APIs For Automated Heating Oil Spot Prices
Also published on Medium.