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Why GOLD is XAU/USD

Page: 1 2 >
Jun 02, 2011 04:19 am
#1
uniquetrader User

Posts: 939
Member since: 21/04/2011

My actual question is--> XAU stands for?

Stick to your rules

Jun 02, 2011 05:07 am
#2
Champ User

Posts: 711
Member since: 17/05/2011

Good question.... dont know but I will search for it.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jun 02, 2011 07:46 am
#3
AKFX User

Posts: 8
Member since: 24/05/2011

I hpe you find it useful,

 

Gold as a cemical element is determined as AU symbol and X is just a letter which commes infront of the instrument as well for Silver which is XAG

Cheers" onclick="smile('[grin]'); return false;" href="1036-Why_GOLD_is_XAU_USD">

Jun 02, 2011 05:36 pm
#4
Champ User

Posts: 711
Member since: 17/05/2011

mmm so Chemistry is involved. Let me load my O levels chemistry in my mind................................... Failed..unable to load.

So AU is GOLD and X is just meaning less symbol.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jun 02, 2011 07:46 pm
#5
uniquetrader User

Posts: 939
Member since: 21/04/2011

Thankyou AKFX. Forex + Chemistry = [dead].

Stick to your rules

Aug 18, 2011 07:28 am
#6
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

Originally posted by AKFX

I hpe you find it useful,

 

Gold as a cemical element is determined as AU symbol and X is just a letter which commes infront of the instrument as well for Silver which is XAG

Cheers" onclick="smile('<img alt=" />'); return false;" href="1036-Why_GOLD_is_XAU_USD">

 



 

yeah I knew that AU is gold but I didn't get it how it becau XAU. Now I know. Thank you!

I am a hosted slave beta.

Aug 18, 2011 04:29 pm
#7
janknoah1 Hostedslavebeta

Posts: 44
Member since: 16/08/2011

Xau is a chemical formular for gold

Jesus is Lord

Aug 18, 2011 07:37 pm
#8
leebut User

Posts: 158
Member since: 16/07/2011

Originally posted by janknoah1

Xau is a chemical formular for gold

 



 

It's the symbol, not a formula. Also the answer is in post number 3.

Aug 20, 2011 12:05 pm
#9
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

At first I thought of it some sort of currency as well maybe a taiwanese or a chinese word. As most of us know, a number of taiwanese words and names have "X" like xiao yu.

I am a hosted slave beta.

Aug 26, 2011 08:26 pm
#10
janknoah1 Hostedslavebeta

Posts: 44
Member since: 16/08/2011

But do you guys trade gold, because i know it carries very big margin and requires very large capital too

Jesus is Lord

Apr 16, 2012 10:10 am
#11
mrinalini User

Posts: 177
Member since: 12/04/2012

I think it has been derived from Chemistry and as every metal and element has its symbol so the same way Gold has its symbol which is XAU.

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