XAUUSD

XAUUSD represents the price of gold (XAU) quoted in US dollars (USD). It is a widely traded asset in the forex market, known for its volatility and safe-haven status. Gold prices fluctuate based on economic conditions, interest rates, inflation, and geopolitical events. Traders often use XAUUSD for hedging against currency devaluation and economic uncertainty. Due to its liquidity and price movements, it is a popular choice for day traders, swing traders, and institutional investors.
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