Gold
Gold is a precious metal traded as a commodity, often serving as a safe-haven asset during economic or political uncertainty.
Gold (XAU) is a traditional commodity traded against major currencies, primarily the US Dollar (XAU/USD). Its price is influenced by global supply and demand, interest rates, and geopolitical events. Investors buy and sell gold futures, options, or exchange-traded funds (ETFs) to gain exposure. In forex, XAU/USD represents the price of one troy ounce of gold in US dollars, moving like a currency pair.
For retail traders, gold offers diversification and can act as a hedge against inflation or currency devaluation. Trading XAU/USD involves high volatility, leading to wider spreads and significant margin requirements compared to major currency pairs. A standard lot of XAU/USD typically represents 100 troy ounces. Due to its price fluctuations, appropriate position sizing and risk management are crucial to mitigate potential losses.
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