What is Gold (XAU)?
Gold is a precious metal traded under the ticker XAU on international exchanges. For millennia it has served as a universal store of value and measure of wealth. Gold possesses unique physical properties: it does not oxidize, tarnish, or degrade over time.
Why do investors value gold?
Gold is considered a "safe haven" during periods of economic instability. When stock markets decline and currencies depreciate, gold typically rises in value. Central banks around the world hold substantial portions of their reserves in gold, confirming its status as a reliable asset.
What drives the gold price?
The price of gold is influenced by numerous factors: monetary policy of the Fed and ECB, inflation rates, geopolitical risks, jewellery and industrial demand, and mining output. Gold is traditionally quoted in US dollars per troy ounce (31.1 grams), but on AveChange you can track prices in euros.
How to track the gold price?
This page shows the current gold price in EUR — per troy ounce, per gram, and per kilogram. Data is updated daily based on international exchange rates. Use AveChange to follow trends and make informed decisions.