What is XAUUSD?

What is XAUUSD? Curious student and financial education illustration

XAUUSD commonly quotes the price of one troy ounce of gold in US dollars.

On a retail trading platform, the symbol may identify a gold CFD rather than ownership of physical gold.

A CFD settles price differences under the provider's contract terms.

The symbol alone does not establish contract size, delivery rights or trading costs.