1. What is XAUUSD?
XAUUSD is the price of gold measured in US dollars, showing how much one ounce of gold is worth.
2. Why is gold called a safe-haven asset?
Gold is seen as safe because it holds value during economic uncertainty and global instability.
3. How do interest rates affect gold?
Higher interest rates reduce gold demand since it does not provide returns like other assets.
4. Why does gold move opposite the US dollar?
A stronger dollar makes gold more expensive globally, reducing demand and pushing prices down.
5. Is gold more volatile than forex pairs?
Yes, gold often experiences larger and faster price movements compared to major currency pairs.
