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In the Forex Market, gold is a type of cash. The identity of gold is that it must be exchanged against United States dollars (USD). The globally acknowledged code for gold is XAU. It is known to be a "place of refuge" resource, it is required to expand its incentive in the midst of unpredictability and financial vulnerability. The XAU/USD combine tells the merchant what number of US Dollar (the statement cash) are expected to buy one Gold Ounce (the base money). Joined States is the nation that holds the greatest assets of gold on the planet.
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