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XAU/AUD

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History of Gold

For several thousand years, gold was largely used to create religious items such as jewelry and idols. This continued until approximately 1500 BC, when the ancient Egyptian empire, which benefited considerably from its gold-bearing province of Nubia, declared gold to be the first recognized medium of international trade.

History of the AUS

In 1966, the Australian Dollar supplanted the Australian Pound. The AUD became a floating currency in 1983. Australian one-dollar coins were debuted in 1984; two-dollar coins were released in 1988. The 1-cent and 2-cent coins were withdrawn from circulation in 2006.

XAU/AUD Forex Chart
Instrument: Gold
Currency: AUS
Spread: Floating
Minimum Trade Size: 1.00
Leverage: 20:1
Margin: 0.5%
Increment: 0.01
Trading Hours (GMT): 23:00-21:59
Quoted Months: None - Spot Market
Exchange: #NA
Units: Troy Oz
MT5 / MT4 Symbol: GOLD

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Gold v AUS Trading Trading FAQs

How to Trade Gold v AUS CFDs

A contract for difference (CFD) is a type of derivative that lets you trade on margin, giving you more exposure to the gold market. This type of derivative is very popular. People instead buy or sell units of a certain financial instrument, which means they buy or sell gold units based on whether they think the price of gold will rise or fall.

What is the best time for gold trading?

For the majority of trading styles, the optimal time to trade is during periods of maximum market liquidity. The Forex market is most liquid during the time difference between London and New York business hours, which occurs on weekdays between 9:30 a.m. and 1 p.m. New York time.