FXPrimus has added Palladium and Gold
You don’t have to be a commodities connoisseur to get excited about this one.
Palladium and gold/Australian dollar are now available for trading.
Find them in the MT4 platform under their and XAUAUD symbols, with a minimum contract size of 50 and 100 respectively (and required margin of 1% for both).
There’s a lot to consider in adding new instruments, including demand and liquidity, but these two are particularly interesting for a few reasons.
Invest in Palladium XPDUSD
Palladium is growing in demand, while supply cannot keep up.
Used to power vehicles, about 85% of palladium ends up in the exhaust system, where it helps turn toxic pollutants into carbon dioxide and water vapour.
As more governments crackdown on pollution, usage is on the up.
As for gold and the Australian dollar — AUD is a commodity currency, typically moving in the same direction as gold because of the country’s high dependence on its gold exports.
YTD, both pairs are up, however, XPD has fallen since hitting an all-time high in February.
Remember, you can trade on both a price gain or a drop.