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XPDUSD
XPD / US Dollar
Past performance is not an indication of future results.
About
Palladium is one of the rarest precious metals in the world. The vast majority of palladium, more than 80%, is used for industrial purposes and some of it is also alloyed with other precious metals to manufacture jewelry.
Factors affecting XPDUSD
1.Supply and demand. Price falls when supply exceeds demand, and rises when demand exceeds supply. The prices of palladium and gold have an effect on each other. In general, palladium price is positively correlated with gold price. USD exchange rate. Generally speaking, Palladium price is negatively correlated with US dollar price.
Economic data affecting XPDUSD (ordered in terms of importance)
U.S. Non-farm Payroll data (NFP) Interest rate decisions of the Federal Reserve Speech by the Federal Reserve Board of Governors GDP, CPI, PCE of the United States, etc.
