XAU
Business & Finance abbreviation · Currency
| Stands for | Gold (one troy ounce) |
|---|---|
| Categories | Business & Finance |
XAU stands for Gold (one troy ounce), a currency abbreviation.
ISO 4217 code for gold, used by banks and trading platforms to quote and settle gold like a currency, with one unit equal to one troy ounce. A quote of XAU/USD gives the dollar price of an ounce.
Example: XAU/USD hit a record high as investors sought safe havens.
Usage notes
Codes beginning with X are reserved for supranational units and commodities, and Au is the chemical symbol for gold, from Latin aurum. Silver (XAG), platinum (XPT) and palladium (XPD) have their own codes. The London Bullion Market Association publishes the benchmark LBMA Gold Price twice each business day.