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Precious metals
Collective term for the elements gold, silver as well as the group of platinum metals: platinum, palladium, iridium, rhodium, osmium and ruthenium. Precious metals are characterised by their chemical durability, valuable physical properties and attractive appearance. Only gold, silver, platinum and palladium are used for capital investments; they are traded worldwide around the clock in spot and forward markets. Precious metal options serve as hedging instruments.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
Other Languages:
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