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XAU/USD refers to the exchange rate between gold (XAU) and the US dollar (USD).
Typically RISES during CRISIS as a SAVE HAVEN.
Generally FALLS during times of COMFORT.
In this pairing, XAU represents one troy ounce of gold, and USD is the value of that gold in US dollars.
This rate is crucial for investors and traders as it indicates how much one ounce of gold is worth in terms of the US currency. Tracking XAU/USD helps understand gold market trends and the broader economic landscape.
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