Xauusd
In short
XAUUSD is the symbol used in financial markets to represent the exchange rate between gold and the US dollar.
In plain words
It shows how many US dollars you need to buy one troy ounce of gold. When the price goes up, gold is becoming more expensive compared to the dollar.
A simple example
If XAUUSD is trading at 2,650, it means one ounce of gold costs 2,650 US dollars.
Why it matters
Investors watch this pair to protect their money against inflation or economic instability. It is a key indicator of global market confidence and the strength of the US dollar.
Easy to mix up
Do not confuse this trading symbol with the physical weight of gold or a specific gold bar.