2 431.3 EUR
+9.28 (+0.38%)

XAUEUR Key Statistics

Open price
2423.35
High today
2440.18
Low today
2420.46
52 Week high
2440.18
52 Week low
1798.94
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification

About XAUEUR

XAUEUR are among traders’ favorites to easily profit from the gold price movements. XAUEUR mirrors the current value of gold as expressed in euros.

What is XAUEUR?

Spot Mini Gold in Euro is the market operated in Frankfurt, Germany, to show the relation between the current price of a gold ounce denominated in the common European currency, the Euro.

It's a rather stable market since the production of gold in the European states is minimal. The prices of this metal are kept artificially down to ensure that people will not keep part of their wealth in physical gold as they did a few centuries ago.

The index market operates in Germany, and there are places for big investors to place their bids daily, which is a vital knowledge for everyone willing to understand how to trade XAUEUR. The market starts with the closing value for the gold ounce of the previous day, and it works with the put and call options system. You can bid for a gold price at a certain price level and buy some index shares.

How does XAUEUR work?

International investors need to buy Euros first and then invest in the index as they only accept Euros as legal tender for transactions. Inflation rates within the European Union affect the index price to the point that they influence the current Euro exchange rate against other major currencies like the USD and the Pound Sterling. These correlations have to be understood by traders eager to know how to invest in XAUEUR.

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