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XAU/EUR Exchange Rate

XAU/EUR
Gold EUR
1h24h7d14d30d1y
Market Cap USD
24h Vol (Global) USD
Circulating Supply XAU
Current date
Gold USD Price Chart

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Gold USD-Euro (XAU/EUR)

XAU/EUR is a currency pair that represents the current euro value of one troy ounce of gold. Gold is regarded as a store of value and a hedge against inflation and geopolitical unrest, while the euro is one of the most important fiat currency alternatives to the US dollar. Because both assets have a negative correlation with the US dollar, they often have a positive relationship. The relationship is far from perfect, however, because gold is a viable alternative not only to the US dollar, but also to the current fiat currency monetary system. As a result, both the euro and the dollar may suffer losses against gold on a regular basis.

Currency Information

Gold USD

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.

Euro

The euro is the European Union's monetary unit and currency, denoted by the sign €. It was first introduced as a non cash monetary unit in 1999, then as currency notes and coins in 2002. The euro replaced the currencies of participating EU countries as well as certain non-EU countries.

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