Glossary

XAUUSD

The trading code for the price of one ounce of gold in US dollars.

XAU is the code for gold and USD for the US dollar. On most platforms 1 standard lot is 100 ounces, so a $1.00 move is $100 per lot and $1 per 0.01 lot. Brokers can differ, so check the contract size.

Related terms

Explained in these lessons