In this study, we report the synthesis of a highly stable, magnetically retrievable gold and palladium nanocatalyst ([email protected]), highly active in Suzuki cross-coupling and related homocoupling reactions. The active catalytic component in this system is palladium, which can only be stabilized in the presence of gold nanoparticles. There is no significant loss of activity even after prolonged storage exposed air and moisture. The versatile nature [email protected] is demonstrated through the selective catalysis of the homocoupling of phenylboronic acid under low concentrations of O2 and the oxidation of phenylboronic acid to phenol under high O2 concentrations. [email protected] also demonstrated Ullmann-type homocoupling of 4-iodotolene with excellent yields. The magnetically retrieved catalyst could be re-used up to six times in Suzuki-Miyaura cross-coupling with consistently high activity and with a minimal loss of the noble metal species. Through these reactions we show that the gold-stabilized [email protected] can be used as stable and recyclable palladium reservoir for multiple palladium-catalysed reactions. © 2020 The Authors.