The Meaning of XAU in Forex and Gold Trading

Why is Gold called XAU in Forex trading? Learn the meaning of XAU, its origin from the Latin word “Aurum,” and why precious metals use the letter “X” in international trading codes. Understand what XAUUSD means, how Gold is quoted against the US Dollar, and why brokers use this standard symbol. This beginner-friendly tutorial explains Gold symbols, metal trading codes, and Forex market terminology in simple words.