Gold Ounces
Key Facts
Abbreviation
XAU
Pronunciation
/goʊld ˈaʊnsɪz/
Category
Regional
Related Field
Currencies
Examples in Context
- Under the gold standard your dollar bill represented so many ounces of gold and you were supposed to be able to always get that gold.
- Price expectations have until now helped gold miners be more optimistic about reserves and to include ounces they would formerly not have been able to mine profitably.
- There is a historical relationship were at certain points in time the gold and the Dow trade at a1:1 or a2:1 ratio, where one or two ounces of gold can purchase the Dow.
Other meanings of XAU
AMEX GOLD/ SILVER Index
Business
Saul, French Guiana
Regional