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XAUUSD is a pair of gold (XAU) and the US dollar (USD) and shows the value of 1 troy ounce of gold in the US dollar. XAU represents gold, a type of precious metal with monetary and scarcity value. Due to its low supply and high demand, it's traded actively around the world at a premium. In the market, it is considered a reliable real asset with intrinsic value. Being highly sensitive to the US dollar and the global economy, gold is a risk diversifier in times of global instability, and is the preferred safe-haven asset of central banks as well as investors worldwide. As the currency of the world's largest economy, the United States, the US dollar is the most circulated currency in the world. This safe-haven currency is more likely to be sold in a risk-on environment (i.e., more investment in riskier assets) and to be bought in a risk-off environment (i.e., more investment in safer assets). US dollar currency pairs tend to be more actively traded than others.