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General TradingG
Gold
Gold (XAU) is a precious metal widely traded as a commodity and regarded as a safe-haven asset. It is used as a hedge against inflation, currency devaluation, and geopolitical uncertainty, and is quoted against major currencies like USD in financial markets.
Example
“During the banking crisis, investors flocked to gold as a safe haven, pushing XAU/USD above $2,000 per ounce as uncertainty about the financial system intensified.”