Lesson 2 of 15
What is Gold (XAUUSD)?
Progress2/15
Gold (symbol XAU) is one of the most popular trading instruments in the world. XAUUSD means how many US Dollars are needed to buy 1 Troy Ounce of Gold.
Gold is considered a *safe haven* asset — traders often buy it during times of uncertainty or inflation.
Key factors that move Gold: - USD strength / weakness - Interest rate decisions (Fed) - Geopolitical events - Risk sentiment
Knowledge Check
1 question
1.What does XAUUSD represent?