Platinum group metals
Platinum, palladium and their relatives, whose demand is set by industry rather than by investors.
How to read the number
They behave unlike gold: the price follows carmakers and catalyst production, not the appetite for a defensive asset.
When the metric lies
The market is narrow and mining is concentrated in a handful of countries. News about a single producer moves the price harder than the general background of world markets.
Also known as: platinum and palladium