XAU/USD - Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Click here for live XAU/USD rates.
Weekly Gold Trading Forecast
|Gold Plummets to 4-Year Lows as Fed Ends QE- $1206 Resistance||bearish|