Types of Metals
- Precious Metals: These include gold, silver, platinum, and palladium. Precious metals are often used as safe-haven investments because they tend to hold their value and may increase during economic downturns or high inflation.
- Base Metals: These include industrial metals like copper, aluminum, zinc, and nickel. Base metals are essential for manufacturing, construction, and other industrial applications. They’re more susceptible to economic cycles and global demand changes.
Spot Market
The spot market allows traders to buy and sell metals at the current price for immediate delivery.
Futures Market
Futures contracts are agreements to buy or sell a metal at a predetermined price at a specific future date.
Mining Stocks
nvesting in companies that mine metals can provide exposure to metal price movements.