Gold (XAU) refers to the gold spot price. Gold is the world’s most tradable precious metal, which has a great history that dates to ages before Christ as it was mostly used as gold coins for trade purposes. Nowadays, Gold is used vastly in the jewelry market and in trading purposes, it is regarded as a safe haven commodity. Gold was mostly extracted during post-war era and is traded all over the world, typically bought for a premium over spot and sold at a discount to spot in physical exchanges.
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