Palladium Market Insights
Palladium (Ticker: XPD) is a member of the Platinum Group Metals (PGMs). While often overshadowed by gold, palladium has historically traded at a higher price per ounce due to chronic supply shortages.
Unlike Platinum, which is preferred for diesel engines, Palladium is the primary catalyst for gasoline engines. This makes the price of palladium highly sensitive to the global automotive manufacturing data, particularly from China and the US.