|24h Vol (Global)||USD|
Explore the Gold USD/Australian Dollar live chart. With this interactive tool, you can review the price of XAU/AUD, analyze rate trends in real time, track the XAU/AUD pair exchange rate in historic terms, and build your trading strategy to trade XAU/AUD with leverage on PrimeXBT.
The XAU/AUD personal composite instrument tracks the price of gold in relation to the Australian dollar. The quoted part of this instrument is 1 Australian dollar, and the base part is 1 ounce of gold. The asset percentage of the instrument is calculated using asset prices on the day the PCI was created. The trading instrument XAU/AUD is used to analyze and trade gold against the Australian dollar, one of the world's most important commodity currencies. The mining and export of precious metals, particularly gold, is critical to Australia's economy.
The ISO 4217 currency standard uses the symbol XAU to denote one troy ounce of gold, which is an internationally acknowledged code. It's seen as a "safe-haven" asset, with its value predicted to rise during periods of economic turbulence. Gold, unlike fiat currencies, is unaffected by changes in government policy.
The AUD, or Australian Dollar, is Australia's official currency, as well as the currency of numerous Pacific island states. The Australian Dollar (AUD) was first adopted in 1966 to replace the Australian Pound, which was initially tied to the US dollar. It became a free float in 1983 and has remained thus ever then.
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