XAUEUR are among traders’ favorites to easily profit from the gold price movements. XAUEUR mirrors the current value of gold as expressed in euros.

What is XAUEUR?

Spot Mini Gold in Euro is the market operated in Frankfurt, Germany, to show the relation between the current price of a gold ounce denominated in the common European currency, the Euro.

It's a rather stable market since the production of gold in the European states is minimal. The prices of this metal are kept artificially down to ensure that people will not keep part of their wealth in physical gold as they did a few centuries ago.

The index market operates in Germany, and there are places for big investors to place their bids daily, which is a vital knowledge for everyone willing to understand how to trade XAUEUR. The market starts with the closing value for the gold ounce of the previous day, and it works with the put and call options system. You can bid for a gold price at a certain price level and buy some index shares.

How does XAUEUR work?

International investors need to buy Euros first and then invest in the index as they only accept Euros as legal tender for transactions. Inflation rates within the European Union affect the index price to the point that they influence the current Euro exchange rate against other major currencies like the USD and the Pound Sterling. These correlations have to be understood by traders eager to know how to invest in XAUEUR.

Current XAUEUR price

The current XAUEUR price can be checked on the SimpleFX platform and website.

XAUEUR price history

Let's look at the XAUEUR index's performance during the past five years. It will give us valuable information about the course of the index in the following years:

2020
As the European economies faced a pause for the first half of the year, the index price went up to 1518 Euros. It was a great performing year for the index that produced profits of more than 15% for investors.

2021
2021 was a stabilization year for the European economy, which started to operate at full throttle compared to 2020. The XAUEUR price went up to 1,590 Euros, showing great results for all investors.

2022
Fears for inflation in the European Union economies have influenced the XAUEUR index, which ended up close to 1,700 Euros. The upward trend continued for the third consecutive year, showing gold's power in the European markets.

Is Spot Mini Gold in Euro (XAUEUR) a good investment?

Investing in the XAUEUR market might be a good scenario for your portfolio. Most funds have some exposure to the gold market through their Euro-denominated assets. However, before investing, traders eager to learn how to invest in metals must do the required research about the commodity.

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