precious metals futures

Precious metals futures are financial contracts that agree to buy or sell specific amounts of metals like gold, silver, platinum, or palladium at a predetermined price on a future date. They're used by investors to hedge against price changes or to speculate on market movements. These contracts allow traders to lock in prices today for delivery later, without needing physical ownership initially. Futures are standardized and traded on exchanges, making them accessible and transparent, serving as vital tools for managing risk or seeking profit based on anticipated shifts in metals' prices.