Indiantrader4956

Indiantrader4956

XAU/USD is the label for spot gold traded on the foreign exchange market. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one ounce of gold in USD. XAU/USD is traded on the forex marketplace like any traditional currency pair.

Indiantrader4956

XAU/USD is the label for spot gold traded on the foreign exchange market. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one ounce of gold in USD.

Indiantrader4956

Forex trading encompasses a wide range of currency pairs. In order to make it easier to navigate the various markets, trading platforms designate specific abbreviations to every pair. One of such abbreviations is XAUUSD. The abbreviation XAUUSD represents the exchange rate of the US dollar to the price of gold. Unlike other abbreviations that indicate the...

Indiantrader4956

Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....