XAU/USD identifies Gold / US Dollar in the metals market. Use this page to distinguish the metal quotation from the quantity and terms of the selected trading contract.
- Instrument
- XAU/USD · Gold / US Dollar
- Base / quote
- XAU / USD
- Quotation basis
- Contract-specific quotation
- Asset class
- Metals
- Product context
- Metal quotation
Reading the quotation
Gold / US Dollar is quoted as a metal-linked market. Compare prices only when the quotation currency and physical or contract basis match; different units can produce very different numerical prices.
Read XAU/USD against the quotation currency and contract unit shown in the workspace. This information page does not specify a physical-unit conversion or contract multiplier. Position quantity and a quoted price need that basis before they can be combined.
Before trading
For XAU/USD, check the selected product, unit and order quantity before interpreting exposure to Gold / US Dollar. A displayed metal price does not establish ownership or delivery of physical metal.
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