XAU is the symbol for gold on financial markets. The term is typically used to refer to the price of gold and is often used as a benchmark for the performance of gold-related investments.The price of XAU is determined by a number of factors, including the supply and demand for gold, the state of the global economy, and geopolitical events. Gold is widely seen as a safe haven asset and is often bought by investors during times of economic uncertainty or market volatility. As a result, the price of XAU can be influenced by a wide range of factors, including interest rates, inflation, and changes in the value of other currencies.In trading and investing, XAU is often used as a benchmark for the performance of gold-related investments, such as gold exchange-traded funds (ETFs) and gold mining stocks. It is also used to price futures contracts for gold and is a common benchmark for the performance of gold-based products, such as jewelry and bullion.
