XAU


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XAU

ISO 4217 code for gold, a particularly valuable precious metal. Gold is an element with the atomic number 79. It is used for jewelry, electronics and for other purposes. Historically, gold was used in many cultures as the basis for currency, but this is no longer the case. Investments in gold are often used as a hedge against inflation because it tends to maintain its value over time.
References in periodicals archive ?
The meeting also decided to start a joint degree programme Doctor of Veterinary Medicines in which students will spend two years in UAF and two years in XAU China.
Rankings and analysis on every XAU component available at GoldAlert Pro 6 (http://pro.
The Table shows the "average of the means" both un-weighted and weighted by the number of years of price data used for each index, and calculated for "up" indices (S&P 500, Dow and FTSE indices) and "down" indices (DJ Commodities and XAU indices) separately.
The XAU account was launched a couple of weeks ago and will soon be available to the general public and corporate sector.
Kinross Gold Corporation and IAMGOLD Corporation (2) The XAU is the PHLX (Philadelphia Stock Exchange) Gold/Silver Sector Index, a capitalization-weighted index composed of 16 companies involved in the gold and silver mining industry.
After breaking 10 (its absolute historical high), the XAU Index/Gold ratio is now slightly below that level.
discrepancy in the high level of gold prices and the low valuation of gold miners, just as we did in autumn 2008 when the XAU Index/gold price ratio hit its historic high of 9x.
Since then the XAU has done pretty well and today it's up about four percent, making a new two week high in the process.
The ratio of gold to the XAU index (the 16 largest gold stocks) is nearing 8x, still below the 9x reached in Oct 2008 and far above the historical average of around 5x, suggesting that gold stocks globally are still undervalued.