|

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

Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $973.20 a troy ounce, with the XPD/USD pair easing from its previous close at $978.15.

In the meantime, Platinum (XPT) trades at $988.42 against the United States Dollar (USD) early in the European session, also under pressure after the XPT/USD pair settled at $989.20 at the previous close.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

AUD/USD hangs near two-month low, below 0.6950 as USD preserves its bullish tone

AUD/USD consolidates near a two-month low, trading just below mid-0.6900s during the Asian session on Thursday amid a bullish US Dollar. The US PCE data tempered October Fed hike bets, though oil-driven inflation fears remain supportive of elevated US bond yields. Adding to this, geopolitical uncertainty underpins the buck, which, along with the RBA's cautious outlook, acts as a headwind for the currency pair.


USD/JPY advances to weekly top, around 157.75 as bullish USD counters intervention risks

USD/JPY recovers further from a one-and-a-half-week low, touched the previous day, climbing to the top end of its weekly range during the Asian session on Thursday. Despite the softer US PCE data, oil-driven inflation risks keep US bond yields elevated near multi-year highs. Moreover, the US-Iran standoff benefits the safe-haven US Dollar and supports the currency pair. However, BoJ rate hike bets and intervention fears could limit losses for the Japanese Yen, warranting caution for bulls.

Gold trades below $4,150 as elevated US bond yields and Iran risks support USD

Gold drifts lower for the second straight day on Thursday, looking to extend the previous day's pullback from $4,220. Oil-driven inflation risks counter softer US PCE data and support elevated US bond yields, undermining the non-yielding bullion. Moreover, geopolitical uncertainties allow the safe-haven US Dollar to retain its bullish undertone, further weighing on the commodity.

Ethereum: Leverage capital cools to lowest level since March amid consolidation
Ethereum (ETH) remains range-bound on Wednesday, with leverage capital continuing to dwindle despite lower-than-expected inflation data. Open interest, the total value of outstanding contracts in a derivatives market, in the top altcoin has trended down over the past week, reaching 12.49 million ETH, its lowest level since March 1.
The Fed's October hike shrinks with the inflation it was built on

Traders have moved the next Federal Reserve hike from October 28 to December 9, and the inflation report that added to the move said more about July than August. The government's annual rewrite, published alongside the August Personal Consumption Expenditures Price Index, cut July's core reading, which leaves out food and energy, from 3.3% to 3%.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro (EUR) an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082.