XAU/USD is a currency pair that represents the price of gold, denominated in US dollars. It is also known as “Gold/US Dollar”. The XAU/USD pair is widely traded in the foreign exchange market, and is popular among traders and investors who are interested in gold as a safe-haven asset or a hedge against inflation. The price of XAU/USD is affected by various factors such as global economic and political events, interest rates, and demand and supply dynamics in the gold market.