XAU/USD Spot Gold / United States Dollar

XAU/USD is the FX ticker for the spot price of gold. It tells traders how many US dollars are required to buy gold at the current market price.

The gold price is closely watched by traders as the metal has been a valuable commodity for millennia. Demand for gold primarily comes from its use in jewellery, industry, technology and by central banks.

Gold’s reputation as a store of value means it’s used by investors used as a safe haven during periods of economic uncertainty – so its price tends to increase as stocks and bonds decline.

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Interesting facts

Gold’s popularity has grown over the past few years as an alternative currency trade. Many traders look to the precious metal as a hedge against inflation and storage of value – thus, it is often referred to as a “safe-haven” investment. Historically, gold prices tend to move inversely with the U.S. dollar, however with rising geopolitical uncertainty over the past 5-years this correlation is no longer as evident. In response to greater demand and product diversification, gold has begun to trade relative to other currencies as well. Currently, we offer XAU/USD, XAU/EUR, XAU/GBP, XAU/CHF, XAU/AUD.

Price drivers

Gold is affected by the overall health of the global economy – this is measured by GDP growth, inflation, employment data and interest rates. Additionally, the monetary policies of some of the largest central banks of the world, and whether they are tightening or expanding their policies also greatly influence the price of gold. Supply/demand dynamics as well as financial market sentiment are other factors investors should take into account when trading the yellow metal.

Pivot Points

  • Pivot Point
  • Distance

    Distance

    Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.

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  • Ask

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Understanding Pivot Points

Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can...Read More
Learn more about Technical Analysis