Definitions for "Precious metals"
Refers to Gold, Palladium, Platinum and Silver from a futures or bullion trading perspective.
Gold, silver, platinum, and palladium, which are used for their intrinsic value or for their value in production. These may be traded either in their physical state or by way of futures and options contracts, mining company stocks, bonds, mutual funds, or other instrument.
Gold, silver and the platinum group metals are known as the precious metals. They are also called the noble metals by some craftsmen.