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Gold vs Australian Dollar

Gold vs Australian Dollar (XAUAUD)

The XAUAUD represents the exchange rate between gold and the Australian Dollar. It indicates how many Australian Dollars are required to purchase one troy ounce of gold.

-.-- -.--%
Annual change
-.--%
All time High / Low
2588.45 / 3831.39
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
3738.49
High
3745.03

XAUAUD Contract Specifications

  • Spreads mínimos: : 0
  • Tamaño del contrato por lote: : 100
  • Tipo de Swap: Puntos
  • Swap Largo: -66.97
  • Swap Corto: 11.48
  • Margen Grupo: FX Mayores
  • Margen Divisa: AUD
  • Tamaño del tick: 0
  • Plataforma de negociación: MetaTrader 4
  • Volumen mínimo: 0.01
  • Volumen máximo: 0
  • Horario de negociación EET: 00:00 - 23:59 Lun - Vie
  • Margen cubierto: 1
  • Days Swap: FX miércoles, Metales-Indices-Petróleo viernes

History of XAUAUD

The history of the XAUAUD pair dates back to when the Australian dollar was introduced as the official currency in 1966. Gold has been a valuable asset for many years, and its price is influenced by various factors such as global economic conditions and market trends. These factors, in turn, affect the exchange rate between XAU and AUD. Investors and traders monitor the XAUAUD exchange rate closely to assess the performance of gold and the Australian dollar, which helps with decision-making and minimizing risks in gold-related investments or trade involving Australia.

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Frequently Asked Questions

XAUAUD is a currency pair that represents the exchange rate between gold XAU and the Australian dollar AUD. The symbol XAU represents the price of gold per troy ounce in USD, while AUD represents the Australian dollar, which is the national currency of Australia. The XAUAUD exchange rate shows how much Australian dollars are needed to purchase one troy ounce of gold. This currency pair is popular among traders as it allows them to hedge against inflation or diversify their portfolio. The value of XAUAUD can be influenced by various factors, such as global economic conditions, interest rates, and geopolitical events.

To trade the XAUAUD currency pair, you need to open an account with a forex broker that offers this currency pair in their trading platform. Then, you’ll need to deposit funds into your trading account to cover the margin requirements for trading XAUAUD. Once you have the necessary funds, you can place an order to buy or sell the XAUAUD currency pair. It is advisable to do your research and analysis of market trends and to keep an eye on economic, political, and other related news events that may impact the exchange rate. Trading XAUAUD can provide an opportunity for traders to speculate on the spot price of gold or take advantage of any price differentials between the two currencies. However, it is important to remember that trading can carry risks, including the possibility of loss.

The trading hours for XAUAUD can be found here

There are several popular trading strategies that traders use when trading the XAUAUD pair. These strategies include trend following, breakout trading, range trading, and news trading. Trend following involves identifying and following the prevailing trend in the XAUAUD pair. Breakout trading focuses on entering trades when the price breaks above or below key support and resistance levels. Range trading entails buying at support and selling at resistance, taking advantage of the range-bound price movements. News trading involves monitoring economic and geopolitical news events that can impact the XAUAUD pair and entering trades based on market reactions to the news. Traders should thoroughly research and test any strategy they plan to use and implement risk management tools to mitigate potential losses.

When trading the XAUAUD pair, there are several factors to consider. First, keep an eye on the price of gold as it can strongly influence the pair’s movements. Factors such as global economic conditions, inflation, interest rates, and geopolitical events can impact both gold prices and the AUD. Furthermore, it is essential to monitor economic data releases and central bank announcements from Australia and major gold-producing countries. These releases can provide insights into the health of the Australian economy and the overall demand for gold. Additionally, consider the correlation between the XAUAUD pair and other related currency pairs, such as the AUDUSD.