Carbon encapsulated Au@Fe nanoparticles (NPs) were synthesized by the hydrothermal method, and the palladium NPs (12 nm) were immobilized on this hydroxyl-terminated support. The morphology, composition, content and magnetism of the samples were characterized. Compared with the commercial carbonsupported Pd catalyst, high catalytic activity, recyclability and selectivity were evaluated by the catalyst Pd/(C@(Au@Fe)) in the Heck reaction. Especially, in the Heck cross-coupling reactions of iodobenzene and methyl acrylate, the catalyst was reused 10 times without significant loss of activity. In addition, the catalyst was simply recycled by a magnetic field.