XAUUSD
Also known as: Spot Gold, Gold
The ticker symbol for the exchange rate of Gold quoted in United States Dollars.
Plain-English Meaning
XAUUSD represents the spot price of one troy ounce of gold in US dollars. "XAU" is the standard currency code for gold, and "USD" is the US dollar.
Why It Matters
Gold is one of the most traded assets globally. It is heavily influenced by the value of the US dollar and is often viewed as a "safe haven" asset during times of economic uncertainty.
Simple Example
If XAUUSD is quoted at 2050.00, it means one ounce of gold is currently worth $2,050 US dollars.
This educational example uses selected assumptions for reference calculation purposes. Real conditions may vary by broker, exchange, or instrument.
Beginner Mistake
Applying standard forex pip calculations directly to Gold. Gold is typically measured in points or cents, and pip values for Gold are calculated differently than standard currency pairs.