XAU/XPD: what to know
The XAU/XPD rate shows how much XPD you get for 1 XAU. Right now, 1 XAU buys 3.3380 XPD at the mid-market rate. In the other direction, 1 XPD is worth 0.2996 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while XPD responds to auto demand and tight supply.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. Palladium is used mainly in petrol-engine catalytic converters.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.