Palladium (XPDUSD) Spot Price

    Trading Conditions

    Symbol XPDUSD
    Name Palladium vs US Dollar
    Quote Currency USD
    Monday Open 01:00
    Friday Close 23:50
    Session Break Daily: 23:55 - 01:00
    Spread As Low as (Quote Currency) 2.35
    Commission No
    Contract Size (Per Lot) 100 Troy Ounces
    Minimum Contract Size (Lot) 0.01
    Minimum Step Size (Lot) 0.01
    Limit and Stop Level  0
    Leverage Up To 1:200
    Execution Market
    Trading Platform MT5, Mobile App, WebTrader
    Sector Metals

    Why Trade with Baxia

    ZERO Deposit Fees

    Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.


    Global Market Access

    Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.


    6 Ways to Trade

    Trade when you want and anywhere at your convenience with Windows OS, MacOS, iOS, Android, WebTrader and even Linux.


    Sub 30ms Latency Trading

    Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.


    €20,000 Protection per Claim

    Clients are protected by the independent Financial Commission's Compensation Fund.


    24/5 Unparalleled Service

    Knowledgable and prompt service available on Live Chat, Email, Phone, Whatsapp and Telegram.


    Select Your Platform

    Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.

    Key Drivers of XPDUSD

    XPDUSD combines Palladium (XPD), a precious metal with extensive industrial applications, particularly in the automotive sector, with the US Dollar (USD), the global benchmark currency. The price of Palladium, like other precious metals, is subject to diverse influences, making it an intriguing option for Spot CFD traders seeking portfolio diversification.

    • Industrial Demand:

      Palladium's primary use is in catalytic converters for gasoline-powered vehicles, which means its price is closely linked to the automotive industry's health.

    • Supply Constraints:

      Palladium supply is geographically concentrated, with major production in Russia and South Africa. This concentration can lead to supply disruptions and price volatility.

    • Economic Trends:

      The overall health of the global economy, particularly in major automobile markets like China and the United States, can impact Palladium demand and prices.

    • Technological Developments:

      Advances in automotive technology, including shifts towards electric vehicles, can influence Palladium demand.

    • Investment Demand:

      Apart from industrial use, Palladium is also an investment commodity. Investor interest in precious metals as a hedge against inflation and currency devaluation can affect its price.


    Effective Strategies for XPDUSD Trading

    For traders, understanding the factors influencing Palladium prices, from global economic trends to industry-specific developments, is key to capitalizing on the opportunities this market presents.

    Monitor Automotive Industry Trends

    Given Palladium's heavy use in vehicle manufacturing, staying updated on automotive industry health is crucial.

    Global Economic Indicators

    Economic data from key markets can provide insights into potential Palladium demand.

    Technical Analysis

    Employing technical analysis tools can help in identifying trends and potential trade opportunities in the XPDUSD market.

    Risk Management

    Palladium's price can be volatile, making robust risk management strategies essential for successful CFD trading.

    Start trading XPDUSD now!

    Frequently asked questions

    What factors influence the XPD/USD (Palladium) price?

    The price of palladium is influenced by factors such as global industrial demand (especially from the automotive industry for catalytic converters), mining and supply constraints, geopolitical events, trends in other precious metals markets, and overall market risk sentiment.

    How do economic conditions affect palladium prices?

    Economic conditions, particularly in the automotive industry which is a major consumer of palladium, significantly impact palladium prices. Economic growth can increase demand for palladium, while a downturn can reduce it.

    What are the best times to trade palladium CFDs?

    Palladium CFDs can be traded throughout the trading week, with higher liquidity and volatility often observed during the overlap of major global trading sessions, particularly the European and U.S. sessions.

    What trading strategies are commonly used for palladium CFDs?

    Traders commonly use strategies such as technical analysis, fundamental analysis, and trend following for palladium CFDs. Keeping abreast of industrial demand trends and supply factors is also crucial for trading in this market.

    How do interest rate decisions impact palladium prices?

    Interest rate decisions from major central banks can influence palladium prices. Higher interest rates can lead to a stronger local currency, potentially making palladium more expensive and reducing demand. Lower rates can have the opposite effect.

    What role does the U.S. dollar play in palladium trading?

    The U.S. dollar has a significant relationship with palladium prices. A weaker dollar can make palladium more affordable for holders of other currencies, possibly increasing demand, while a stronger dollar can decrease its appeal.

    Can geopolitical events affect palladium prices?

    Yes, geopolitical events that impact global economic stability, specific palladium mining regions, or major industrial sectors can affect palladium prices.

    What should new traders know about trading palladium CFDs?

    New traders should understand the dynamics of the palladium market, including the factors influencing supply and demand, and develop a sound risk management strategy. It’s important to understand how CFDs work, particularly the implications of leverage.

    Get more tools and resources for trading with Baxia Markets

    Beginner or Advanced? View our full suite of tools and resources to help traders of all levels.

    Forex Full Course

    Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.

    Forex Calculators

    Evaluate your risk, monitor profit or loss for each trade & estimate trading costs with our full suite of calculators.

    Economic Calendar

    Follow high impact news and events for the financial markets including the latest economic data.

    Market Research

    Stay up to date with the latest fundamental and technical analysis from the Baxia Markets Analyst team.

    Help Center

    Find answers to common questions and topics related to trading with Baxia Markets and the trading platforms.

    Education Center

    View our collection of free educational resources to help you become a profitable trader and learn risk management.

    More Trading Opportunities

    More than 1000 CFD instruments to trade on multiple asset classes with one broker.


    Precious Metals

    Crypto CFDs