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Gold / Euro (XAU/EUR)

Gold, valued for its scarcity and utility, is a top choice for diversification. The Euro, a stable currency used by 20 EU nations, adds a unique perspective to this currency pairing for investors. Get expert market insights and live data at FP Markets South Korea.
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Gold / Euro (XAU/EUR) Profile

Gold was usually used for a few thousand years only to make things like jewelry and idols for worship. This was until around 1500 BC, when the ancient empire of Egypt, which had a lot of gold because of its gold-producing region, Nubia, made gold the first official medium of international trade.

The euro was released on 1 January 1999, following a decade of preparations: for the first three years, it was an 'invisible' currency, used exclusively for accounting purposes and electronic payments. Coins and banknotes were introduced on 1 January 2002, and the largest currency changeover in history occurred in 12 EU countries.

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Gold / Euro (XAU/EUR) Trading FAQ

Due to the lower volatility of gold prices compared to stocks, gold is seen as a relatively safe investment. Individuals invest in gold and other precious metals to diversify their portfolios and act as a hedge against the loss in value of other investments.Gold can be invested in a number of different ways.

As you may already know, trading CFDs (contracts for difference) is a very popular way to trade currencies such as Gold vs. the Euro. While there are a plethora of Forex brokers available. Attempt to locate one that meets your requirements. For example, FP Markets is a fully-regulated broker that offers a variety of platforms and accounts to accommodate every trading style.

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