Do you want to know why big companies should use an API for commodities prices? If so, keep reading to find out!
As you may already know, an application programming interface (or API for short); is a type of computer code that controls how a computer program functions. It is also used to transfer data from one piece of software to another. So, in order to use pre-existing files or data from one piece of software in another program; or one of its higher levels, an application must have an API. Consequently, an API for commodities prices allows your applications or website to easily access up-to-date commodity price information; that is compiled from a number of reliable financial sources
Why Should Big Companies Employ An API For Commodities Prices?
Many big companies currently use APIs for commodities prices, since they allow fast access to current commodity pricing. With one at your disposal you’ll be able to easily find any commodity’s price; without wasting time looking through numerous financial websites. Another reason why is because these tools enables ease of usage and integration. Nothing needs to be installed since all you need is a computer, a solid internet connection, and an API provider!
Furthermore, when employing an API for commodities prices, you’ll sure to get precise data; since an APl’s data is always accurate because it was compiled using machine learning; and artificial intelligence techniques from a variety of reliable financial sources. As a result, you won’t need to be concerned about its accuracy.
So, if you’re looking for an efficient tool to access commodities prices fastly; we suggest using a trustworthy API like Commodities-API. Since it has more than 6 years of expertise, this API is one of the most useful JSON APIs currently available on the Internet. The data provided by Commodities-API is gathered from more than fifteen reputable sources, including international banks, financial institutions, and brokers. Thus it offers the most accurate information on the market!
To get started with this API, you’ll need an API key. Thankfully, obtaining one is really simple! Follow these simple instructions, and you’ll be off and running in no time:
How to Use This API to Get Commodity Prices
First, create an account by enrolling at Commodities-API in order to obtain an API key. At this point, you can also choose the plan you want to use. Commodities-API now provides three plans: starter (no-cost), basic, and professional. After analyzing their differences, pick the one that best meets your needs. For instance, if you select the first plan, you will get hourly commodities updates for no-cost at all! The next step is to verify your API key. Just add your bearer token to the permission header. Once you are done, you’ll be all set to make API calls.
Then, after choosing the currency in which you wish to display your values, choose the commodity symbol you desire. There are 170 different currencies accessible, so keep that in mind. Last but not least, call the API and wait a few seconds!
And that’s pretty much it! Commoditties-API will take care of the rest for you. It is clear how approachable this API is. Visit https://www.commodities-api.com/ instead if you want further details or assistance getting started.
Related post: 3 Low Cost Alternatives To Commoprices For Commodity Data API
Also published on Medium.