Select Language

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

Breaking news

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

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.03.31 18:07
Palladium price today: Rare metals advance at the start of the European session

update 2025.03.31 18:07

Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Monday, according to FXStreet data. Palladium (XPD) changes hands at $979.70 a troy ounce, with the XPD/USD pair advancing from its previous close at $974.19. In the meantime, Platinum (XPT) trades at $992.92 against the United States Dollar (USD) early in the European session, also up after the XPT/USD pair settled at $987.75 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.)


Date

Created

 : 2025.03.31

Update

Last updated

 : 2025.03.31

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

BoJ's Ueda: US tariffs likely to push up US inflation

Bank of Japan Governor Kazuo Ueda said early Wednesday that US tariffs are likely to push up US inflation in the near term but could weigh on US prices longer-term by slowing down US economic growth.
New
update2025.04.02 10:35

AUD/USD holds steady below 0.6300 as Trump prepares to unveil reciprocal tariffs

The AUD/USD pair trades on a flat note near 0.6275 during the early Asian session on Wednesday.
New
update2025.04.02 10:18

PBOC sets USD/CNY reference rate at 7.1793 vs. 7.1775 previous

On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1793 as compared to the previous day's fix of 7.1775 and 7.2663 Reuters estimate.
New
update2025.04.02 10:15

WTI remains capped below $71.00 as Trump's tariffs loom

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.95 during the early Asian session on Tuesday.
New
update2025.04.02 09:28

EUR/USD consolidates as traders holder their breath ahead of tariffs

EUR/USD stuck to familiar levels on Tuesday, churning chart paper close to the 1.0800 handle as investors brace for US President Donald Trump's long-threatened "reciprocal" tariffs package, due to be announced on Wednesday at 1900 GMT (4 pm EST).
New
update2025.04.02 09:03

RBA's Kent says will raise new OMO repo rate by 5bp to 10bp above cash rate target

Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent late Tuesday outlined some changes to repo rates but stated that the changes have no implications for the stance of the bank's monetary policy.
New
update2025.04.02 08:57

US Treasury Sec. Bessent says Trump will announce a maximum for tariffs, countries can then bring them down

US Treasury Secretary Scott Bessent said late Tuesday that the amounts announced on Wednesday are the highest the tariffs will go.
New
update2025.04.02 08:27

USD/CAD extends the decline below 1.4300 ahead of Trump's tariff announcement

The USD/CAD pair extends the decline to around 1.4295 during the late American session on Tuesday.
New
update2025.04.02 08:13

GBP/USD holds flat as markets await tariffs

GBP/USD flatlined on Tuesday, churning just above the 1.2900 handle as investors buckle down for the wait to US President Donald Trump's long-awaited tariff announcements slated for Wednesday evening.
New
update2025.04.02 08:07

Fed's Goolsbee: Hard data strong, soft data almost cratering

Federal Reserve Bank of Chicago President Austan Goolsbee said late Tuesday that US hard data are strong, but soft data are almost cratering.
New
update2025.04.02 07:51

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel