XAUUSD

XAU/USD represents the price of gold (XAU) quoted in US dollars (USD). It’s one of the most traded assets in the commodities market, often seen as a safe-haven investment during times of economic uncertainty or geopolitical tensions. Gold prices are influenced by factors such as US dollar strength, inflation rates, interest rate decisions by the Federal Reserve, and global economic conditions. When the dollar weakens or inflation rises, gold tends to appreciate as investors seek to preserve value. Conversely, higher interest rates and a strong dollar can put downward pressure on gold prices.