JoymistaWhat Is XAUUSD and How Is Gold Profit Calculated?
XAUUSD is the platform symbol for gold against the US dollar, priced in dollars per ounce.
Explained
The contract size of one gold lot is set by the broker; 100 ounces is common but not universal, which is why the FOREX CALCULATOR starts by picking your broker. Gold usually reacts to the dollar, interest rates and US economic news.
Example
Example with made-up numbers, at a broker with a 100-ounce contractYou buy one lot at 2000 and close at 2005, a profit of 5 × 100 = 500 dollars.
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Open in JoymistaEducational content, not investment advice.