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XAUUSD

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--%
1d
1w
1m

Analysis and statistics

  • Open
    3361.1995$
  • Previous Close
    3398.951$
  • 52 Week Change
    --
  • Day Range
    -37.75$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

XAUUSD.FOREX represents the spot price of gold (XAU) against the US dollar (USD) in the foreign exchange (FOREX) market. It signifies the amount of US dollars required to purchase one troy ounce of gold. Trading XAUUSD.FOREX involves speculating on the price movements of gold relative to the US dollar, influenced by factors like global economic conditions, interest rates, inflation, and geopolitical events. It's a popular instrument for traders seeking to diversify their portfolios or hedge against economic uncertainty.

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Factors

Economic Data: Strong US data often weakens gold, increasing USD strength makes gold less attractive.

Interest Rates: Higher US interest rates can decrease gold's appeal as it yields no interest.

Inflation: Gold is seen as an inflation hedge; rising inflation typically increases gold prices.

Geopolitical Events: Uncertainty and crises boost gold's safe-haven appeal.

US Dollar Strength: A weaker USD generally makes gold more affordable for other currency holders.

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