Palladium price today: Palladium falls, according to FXStreet data

FXStreet Team FXStreet

Palladium prices (XPD/USD) fell on Monday, according to FXStreet data. Palladium trades at $906.00 per troy ounce, down 0.26% from the $908.37 it cost on Friday.

Palladium prices have decreased by 17.85% since the beginning of the year.

Unit measure	Palladium Price Today in USD
Troy Ounce	906.00
1 Gram	29.13

The Gold/Palladium ratio, which shows the number of ounces of Palladium needed to equal the value of one ounce of Gold, stood at 2.68 on Monday, broadly unchanged from 2.68 on Friday.

(An automation tool was used in creating this post.)

Author

FXStreet Team

FXStreet

EUR/USD flirts with weekly lows near 1.1770

EUR/USD now comes under further selling pressure, breaking below the 1.1800 support to challenge the area of weekly throughs near 1.1770 on Thursday. The pair’s decline comes in response to marked gains in the US Dollar amid steady geopolitical tensions. Ealier in the day, the ECB’s Lagarde delivered cautious remarks, although the currency remained apathetic.

GBP/USD threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold trims gains, slips back to around $5,170

Gold is now facing some downside pressure, hovering around the $5,170 region on Thursday. The yellow metal surrenders part of its earlier gains on the back of the resurgence of the buying interest in the Greenback. In the meantime, geopolitical tensions in the Middle East continue to limit the downside potential for now.