Palladium price today: Rare metals mixed at the start of the European session

Source Fxstreet

Platinum Group Metals (PGMs) trade mixed at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $989.96 a troy ounce, with the XPD/USD pair advancing from its previous close at $980.35.

In the meantime, Platinum (XPT) trades at $988.39 against the United States Dollar (USD) early in the European session, shedding ground after the XPT/USD pair settled at $988.92 at the previous close.

Palladium FAQs

Palladium is a rare and valuable precious metal with strong industrial demand, particularly in the automotive sector. It is widely used in catalytic converters to reduce vehicle emissions, making it essential for global environmental regulations. Investors also see palladium as a store of value, similar to gold and silver, and a potential hedge against inflation. Given its supply constraints and high demand, palladium often attracts traders looking for price volatility and profit opportunities.

In trading, palladium (XPD/USD) is considered both an industrial and a precious metal. It is traded on major commodity exchanges like the New York Mercantile Exchange (NYMEX) and the London Platinum and Palladium Market (LPPM). Traders speculate on palladium prices through futures contracts, exchange-traded funds (ETFs), and spot markets. Since palladium supply is concentrated in a few countries, particularly Russia and South Africa, geopolitical and mining disruptions can lead to significant price swings, making it an attractive asset for short-term traders and long-term investors alike.

Palladium has historically been less expensive than gold, but in recent years, it has traded at a premium due to rising demand and tight supply. Prices fluctuate based on market conditions, but palladium has, at times, outperformed gold due to its critical role in the automotive industry. However, as markets shift and industrial demand changes, the price relationship between the two metals can vary.

Palladium prices are influenced by several factors, including industrial demand, supply constraints, and macroeconomic conditions. The automotive industry is the biggest driver of demand, as stricter emissions regulations increase the need for palladium-based catalytic converters. Supply is heavily dependent on mining output from Russia and South Africa, making the metal vulnerable to geopolitical risks and supply chain disruptions. Additionally, broader market trends, such as the strength of the US dollar, interest rates, and economic growth, can impact palladium prices, as they do with other precious metals.

Platinum Group Metals (PGMs) prices mentioned above are based on the FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD climbs to near $3,350 on uncertainty about Trump's tariff policiesThe Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 
Author  FXStreet
3 hours ago
The Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 
placeholder
Bitcoin’s Largest Holders Are Stacking Again — What It Means For The MarketAmidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains.
Author  NewsBTC
3 hours ago
Amidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains.
placeholder
GBP/USD extends the rally to near 1.3350 on softer US DollarThe GBP/USD pair extends its upside to near 1.3350 during the early Asian session on Monday.
Author  FXStreet
3 hours ago
The GBP/USD pair extends its upside to near 1.3350 during the early Asian session on Monday.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
2 hours ago
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Trump’s "Golden Rule" Fuel Gold Rally, Trump’s Shadow Looms Large Over Gold Bull MarketOn the morning of April 21, international gold prices rose nearly 1%, currently trading at 3,381.42 per ounce. Driven by risk−averse sentiment, gold prices breached the 3,380 mark for the first time in history and continued to set new all-time highs.
Author  TradingKey
1 hour ago
On the morning of April 21, international gold prices rose nearly 1%, currently trading at 3,381.42 per ounce. Driven by risk−averse sentiment, gold prices breached the 3,380 mark for the first time in history and continued to set new all-time highs.
Related Instrument
goTop
quote