XAUUSD
Gold Spot - U.S. Dollar
XAUUSD • Metals
Current Price: 3252.09
About Gold Spot - U.S. Dollar
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization.
XAUUSD is an abbreviation, a symbol that indicates how many US dollars a trader may need to buy an ounce of gold. XAUUSD is used on trading platforms to buy gold digitally. But it is also possible to buy physical gold at banks or from reputable dealers.
The XAU/USD trading pair indicates the exchange rate between XAU, the ticker for gold, and the United States dollar (USD), or how many USD it takes to buy one ounce of gold. The letter "X" stands for "Index," whereas the letter "AU" stands for "Aurum," the Latin word for gold.
XAUUSD Chart
Gold Spot - U.S. Dollar Chart
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