Watch Page 20 | Gold Spot / U.S. Dollar Trade (*20*) — OANDA:XAUUSD Latest Gold (XAU/USD) Market News
Gold value is broadly adopted in monetary markets all over the world. Gold used to be the root of financial capitalism for centuries till the repeal of the Gold usual, which resulted in the growth of a flat foreign money device by which paper cash does not have an implied backing with any bodily type of monetization. AU is the code for Gold at the Periodic desk of components, and the cost above is Gold quoted in US Dollars, which is the average yardstick for measuring the price of Gold the world over.
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