Precious metals and industrial metals are categories of metals commonly traded in the commodities markets:

Precious Metals: Precious metals are rare and valuable metals primarily used for investment and jewellery. The most well-known precious metals include gold, silver, platinum, and palladium. They often serve as a store of value and are considered safe-haven assets during economic uncertainties.

Industrial Metals: Industrial metals, on the other hand, are metals primarily used in industrial applications and manufacturing processes. They play a crucial role in various industries, including construction, automotive, and electronics. Common industrial metals include copper, aluminum, zinc, and nickel.