XAUUSD (XAU/USD)
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Gold, precious metal
Gold can be used in both the electronics and jewelry industry as well as an investment asset. Many Central Banks hold gold bullions as a reserve along with the world’s main currencies.
Due to a special status, the quotes of gold are more vulnerable to the speculations’ influence than other industrial and precious metals. A capital flight into gold can be caused by higher world inflation, economical instability and monetary policy of central banks.