Forex live charts : Gold vs Dow - XAU/USD and DJIA [Monthly]
Gold and stock markets are correlated. Sometimes they accompany and sometimes they don't. The base is the gold. It is more useful to read the stock market on the basis of gold marekt. This page is for that.
Spot Gold (XAU/USD) : Sign of physical gold: Au from Latin 'aurum'. Atomic number 79. Code: XAU. XAU refers to the ISO 4217 standard code for One troy ounce of physical gold. 1 troy ounce (oz t) = 31.1034768 grams. XAU = 99.99 percent pure gold = 24K gold. 24k gold means that all 24 parts in the gold are all pure gold without traces of any other metals. Gold is relatively rare element and is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but the world gold standard was abandoned for a fiat currency system after 1971. A total of 197,576 tonnes of gold exists above ground, as of 2019. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
Dow Jones Industrial Average (DJIA) : Dow Jones, Dow, Dow 30, Wall Street 30. Google finance: INDEXDJX: .DJI, Marketwatch: DJIA, Yahoo finance: ^DJI. Consists of the 30 major American companies. US stock market index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market. Foundation: February 16, 1885 (as DJA) and May 26, 1896 (as DJIA), Operator: S&P Dow Jones Indices, Exchanges: New York Stock Exchange (NYSE) and NASDAQ, Constituents: 30 companies, Weighting method: Price-weighted.