XAU/USD is the trading symbol that represents the price of gold measured against the US dollar, where "XAU" stands for one troy ounce of gold and "USD" is the United States dollar. It is one of the most actively traded commodities in the financial markets and is often seen as a safe-haven asset, especially during times of economic uncertainty, inflation, or currency weakness. Traders and investors use XAU/USD to hedge against market risks, diversify portfolios, and speculate on price movements driven by global economic conditions, central bank policies, and geopolitical events. Its volatility makes it attractive for both short-term trading and long-term investment strategies.