XAU/USD refers to the exchange rate between gold (XAU) and the U.S. dollar (USD). It shows how much one ounce of gold is worth in U.S. dollars. Investors and traders often use this pair to track the price of gold in relation to the strength or weakness of the U.S. dollar. Gold is seen as a safe-haven asset, so its price tends to rise when there is economic uncertainty or a decline in the value of the dollar. On the other hand, when the dollar strengthens or global economic conditions are stable, the price of gold may decrease.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.