Gold is the pair that behaves more like a currency pair than a commodity. XAUUSD is the most traded metal that is used as a hedge or safe haven alternative during economic and political turmoil.
- The Gold market is subject to speculation since it is an exchangeable instrument in the foreign exchange market, you can treat it as such.
- Popularity in trading XAUUSD has increased tremendously over the years and especially after the financial crisis of 2008 due to its low correlation with other commodities and its price compared to other currencies.
- Central Banks play a key role in Gold prices as they can limit Gold sales. Investors buy Gold when they look for a financial risk advantage as well as when they anticipate that market fear is increasing.
- Take advantage of our Low spreads and trade XAUUSD.