Gold cost is generally followed in money related markets the world over. Gold was the premise of monetary private enterprise for a long time until the point that the cancellation of the Gold standard, which prompted the development of a level cash framework in which paper cash doesn't have an inferred backing with any physical type of adaptation. AU is the code for Gold on the Periodic table of components, and the cost above is Gold cited in US Dollars, which is the regular measuring stick for measuring the estimation of Gold over the world.
