Gold has been used for ornaments and decorations as far back as 4,000 BC. Known for its chemical stability, rarity, and distinct golden shine, gold is highly valued across the globe.

Gold does not rely on the backing of a nation’s credit, as its intrinsic value is widely recognised. For this reason, gold demand tends to rise during periods of political and economic instability worldwide. Additionally, gold is often regarded as a strong hedge against inflation.

XAUUSD is a CFD product offered by OANDA with gold as its underlying asset.