What Is XAU/USD? How Gold Is Priced and What Moves It
XAU/USD is the price of one troy ounce of gold expressed in US dollars. “XAU” is the international code for gold, and the quote shows how many dollars one ounce costs. Gold prices respond mainly to real interest rates, the strength of the US dollar, central bank buying, investment flows and geopolitical risk. Trading gold through leveraged CFDs adds volatility, gap and margin risk.