About Gold 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.