why gold/usd have symbol : XAU/USD ?
thanks for reading and answer !
thanks for reading and answer !
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Dislikedwhy gold/usd have symbol : XAU/USD ?
thanks for reading and answer !Ignored
DislikedX = index. A lot of ETFs are prefixed X on the stock markets. If I'm mistaken XAU is the symbol for the Philadephia Exchange Gold Sector index and not the price of gold itself, but a pretty good proxy because most gold companies track the price of physical gold.Ignored
DislikedMaking an index of companies is very complicated and I won't try to explain it here. The chosen companies are assigned a weighting within the index, so not all companies are equal. The companies not included are considered irrelevant or not listed on the exchange. If you went to a different exchange, say Toronto, you find a different gold index.Ignored
Dislikedwhy gold/usd have symbol : XAU/USD ? thanks for reading and answer !Ignored
DislikedMaking an index of companies is very complicated and I won't try to explain it here. The chosen companies are assigned a weighting within the index, so not all companies are equal. The companies not included are considered irrelevant or not listed on the exchange. If you went to a different exchange, say Toronto, you find a different gold index.Ignored