what is xauusd

Xauusd means "gold exchanged for the us dollar". The letter "X" represents the word "exchange" and "AU" represents the chemical symbol for gold as found on the periodic table of elements.

Forex brokers here in Australia offer xauusd as a product which can be traded, and it is very volatile because investors sell gold when the us dollar is stable and buy gold when the us dollar seems unstable. This back and forth by investors causes the price of gold to fluctuate wildly making the possibility of making huge profit a reality but huge losses can also be made in a matter of seconds.

xauusd is the trading symbol for Gold, as used by most forex brokers