Precious metals are rare, naturally occurring metallic elements that have high economic value. They are often used in jewelry, electronics, and as investment assets. The most well-known precious metals include Gold, Silver, Platinum, and Palladium. Their rarity and unique properties make them highly sought after in various industries. Investors often turn to precious metals as a hedge against inflation and economic uncertainty. The prices of these metals can fluctuate based on market demand, geopolitical events, and changes in mining production. Collectively, they play a significant role in global finance and trade.