Why GOLD is XAU/USD

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Jun 02, 2011 04:19 am

uniquetrader User

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My actual question is--> XAU stands for?

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Jun 02, 2011 05:07 am

Champ User

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

Jun 02, 2011 07:46 am

AKFX User

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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

Champ User

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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.

Jun 02, 2011 07:46 pm

uniquetrader User

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Thankyou AKFX. Forex + Chemistry = [dead] .

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Aug 18, 2011 07:28 am

megrawab Hostedslavebeta

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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('" />'); 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!

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Aug 18, 2011 04:29 pm

janknoah1 Hostedslavebeta

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Xau is a chemical formular for gold

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Aug 18, 2011 07:37 pm

leebut User

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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

megrawab Hostedslavebeta

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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.

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Aug 26, 2011 08:26 pm

#10

janknoah1 Hostedslavebeta

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

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Apr 16, 2012 10:10 am

#11

mrinalini User

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入会日期: 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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Why GOLD is XAU/USD

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