Gold price live charts : 1 oz Spot Gold prices in 5 major currencies [Daily]





XAU/USD GOLD Trading Strategy Today : 1 oz Spot Gold price forecast and trade ideas
The basis and core of the financial system is Physical Gold, real money. Gold prices are the basis of the currency exchange rates. Gold price in US dollar (USD), Chinese Renminbi (Yuan, CNY), Swiss Franc (CHF), Euro (EUR), British Pound sterling (GBP), they are correlated with each other. By studying them together, we can predict their movements more accurately. This page is for comparing the movements of gold prices in those five currencies.

Spot Gold (XAU/USD) : Sign of physical gold: Au from Latin 'aurum'. Atomic number 79. Code: XAU. XAU refers to the ISO 4217 standard code for One troy ounce of physical gold. 1 troy ounce (oz t) = 31.1034768 grams. XAU = 99.99 percent pure gold = 24K gold. 24k gold means that all 24 parts in the gold are all pure gold without traces of any other metals. Gold is relatively rare element and is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but the world gold standard was abandoned for a fiat currency system after 1971. A total of 197,576 tonnes of gold exists above ground, as of 2019. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.