What Is the Symbol for Gold in Trading?

What Is the Symbol for Gold in Trading?

The symbol for gold in trading is XAU/USD. XAU represents one troy ounce of gold, and USD is the U.S. dollar. This symbol is used in spot gold trading on forex and CFD platforms. In futures markets, gold is traded under the symbol GC on the COMEX exchange. For ETFs, the most common ticker is GLD.

Gold remains one of the most actively traded commodities in the world. For traders who are looking to participate in the gold market, knowing the correct gold trading symbols is essential. These symbols vary depending on the trading platform, financial instrument, and market structure.

What Is the Ticker Symbol for Gold?

The ticker symbol for gold differs based on the trading environment. Here are the most commonly used ones:

Market	Instrument	Symbol	Description
Spot Gold (Forex)	XAU/USD	XAUUSD	Most widely used in forex platforms, represents 1 troy ounce of gold against the US Dollar
Futures (COMEX)	GC	GC	Gold futures on the CME (COMEX), each contract equals 100 troy ounces
ETFs (US)	SPDR Gold Shares	GLD	Most traded gold ETF on US exchanges
CFDs (Broker Dependent)	Varies	XAUUSD (typically)	Contracts-for-difference follow spot pricing using XAU/USD pair

Gold’s ticker symbol varies by market: XAU/USD for spot trading, GC for futures on COMEX, and GLD for gold ETFs. CFD brokers typically use XAUUSD, depending on the platform.

The most recognized global standard for spot gold is XAU/USD. In this format:

• XAU is the ISO 4217 code for one troy ounce of gold.
• USD is the quote currency (US Dollar).

This format is primarily used in forex and CFD trading, and is available on most online trading platforms.

How Is Gold Traded?

Gold is traded through several key markets: spot trading, futures, ETFs, and CFDs.

Spot Gold (XAU/USD)

This is the most popular method among forex and CFD traders. It involves buying or selling gold at current market prices with immediate settlement. The symbol used is XAU/USD, representing one troy ounce of gold quoted in U.S. dollars.

Gold Futures (GC)

Traded on regulated exchanges like COMEX, gold futures are standardized contracts to buy or sell gold at a future date. The symbol is GC, and each contract typically covers 100 troy ounces. Futures are used by institutional traders for hedging or speculation.

Gold ETFs (e.g., GLD)

These are exchange-traded funds that track the price of gold. Investors buy ETF shares like regular stocks without owning physical gold. GLD is the most widely traded gold ETF.

Gold CFDs

Offered by online brokers, Contracts for Difference (CFDs) let traders speculate on gold’s price movements without owning the asset. They often use the XAU/USD symbol and provide leverage, making them popular for short-term trading.

Each method suits different trading goals, from short-term scalping to long-term investment exposure.

Popular Gold Trading Symbols Across Platforms

Instrument	Platform	Common Symbol
Spot Gold	Forex/CFD	XAUUSD
Gold Futures	CME	GC
Mini Futures	CME	MGC
SPDR Gold Shares ETF	NYSE Arca	GLD
iShares Gold Trust ETF	NYSE Arca	IAU

Each trading instrument serves different trader profiles from day traders to institutional hedgers and long-term investors.

Key Takeaways for Traders

• XAU/USD is the most common symbol for gold in forex and CFD trading.
• Futures traders use GC on COMEX to speculate on gold prices with contract-based exposure.
• ETFs like GLD allow indirect gold investment via traditional stock exchanges.
• The choice of symbol depends on your trading strategy, risk profile, and platform.

Conclusion

Understanding what is the symbol for gold in trading is crucial for entering the gold market effectively. Whether you’re trading spot gold via XAU/USD, managing futures exposure with GC contracts, or investing in gold ETFs, each symbol reflects a specific market mechanism.

For a seamless trading experience, choose a broker like Ultima Markets, offering transparent pricing, competitive spreads, and access to gold markets across spot, CFD, and futures instruments. Stay informed, manage your risk, and trade gold with precision.