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XAUAUD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    5119.5678$
  • Previous Close
    5064.5239$
  • 52 Week Change
    --
  • Day Range
    55.04$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

XAUAUD.FOREX typically refers to the spot price of gold (XAU) priced in Australian dollars (AUD) within the foreign exchange (FOREX) market. It represents the amount of Australian dollars required to purchase one troy ounce of gold. This is a derived rate, not a directly traded currency pair like EURUSD, but a synthetic pairing reflecting the value of gold against the Australian dollar. It's a popular instrument for traders looking to speculate on the relative movements of gold and the Australian dollar, often influenced by factors affecting both commodities and currencies.

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Factors

Gold Prices: Gold's global USD price directly impacts XAUAUD.

AUD Strength: A stronger AUD makes XAUAUD cheaper, vice versa.

Interest Rates: Higher AU rates can weaken XAUAUD, competing with gold.

Risk Sentiment: Risk-off sentiment boosts gold's safe-haven appeal.

Inflation: High inflation may increase demand for gold as a hedge.

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