Main category
Social Sciences (Economics)
Abstract
Precious metals are trading commodities. But a precious metal quote is very similar to a Forex quote. The quote is represented in the same way as a quote for a currency pair. For instance, the spot gold traded against the US dollar is XAU/USD.
Further reading
https://ia801406.us.archive.org/27/items/cmc-precious-metal-vol-15/CmcPreciousMetalVol-15.pdf
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