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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 exchange rate of national currency pairs, XAUUSD shows the comparison between the price of a precious metal and the rate of the US dollar. In this article you will learn why XAUUSD is included in Forex trading, the history of gold in the financial systems all over the world and why this pair is written like XAUUSD.
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. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.