Palladium is one of the several types of platinum. It is one of the most widely demanded rare metals as it is used as an alternative to the more expensive metals in electronics, jewelry, and medicine (dentistry) industry. It is also used in cars as conveyor catalysts to aid rapid reaction and filtering of emitted gases.
Palladium has special characteristics that distinguish it from other metals making it an important destination for traders because it is one of the rare metals on Earth. Moreover, its price does not fluctuate compared to precious metals such as gold and silver; its prices remain stable at the top.
Palladium is traded in many spot markets including New York and London Exchange, and its symbol is “XPD.”
Factors Influencing Palladium Prices:
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