XAU/USD: what to know
The XAU/USD rate shows how much USD you get for 1 XAU. Right now, 1 XAU buys 4,350.44 USD at the mid-market rate. In the other direction, 1 USD is worth 0.000229862 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while USD responds to Fed policy, US growth and global risk appetite.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.