XAU/USD is one of the most actively traded instruments in the financial markets. It represents the price of one troy ounce of gold (XAU) quoted in U.S. dollars (USD). Traders are attracted to XAU/USD because of its high liquidity, strong price movements, and role as a safe-haven asset during times of economic uncertainty.

Gold prices are influenced by several factors, including inflation, interest rates, central bank policies, geopolitical events, and the strength of the U.S. dollar....