Current specification snapshot
Course context: This lesson belongs to a practical beginner curriculum for Pakistan.
| Field | XAUEUR value | Planning use |
|---|---|---|
| Contract size | 100 troy ounces per lot | Lots × 100 = nominal ounces |
| Pip size | 0.01 EUR | Pip value = lots × 100 × 0.01 EUR |
| Minimum volume | 0.01 lot | One nominal ounce |
| HMR | 1:200–1:1000 | Margin stress varies around risk periods |
| Raw commission | USD 3.50/lot/side | Commission currency may require conversion |
| Zero commission | USD 15.50/lot/side | Do not copy XAUUSD’s USD 5.50 rate |
| Triple swap | Wednesday | Include holding date and current rate |
EUR cash-risk example
If entry-to-stop distance is EUR 9 per ounce at 0.02 lot, gross planned market loss is 9 × 100 × 0.02 = EUR 18. Add spread in EUR, account commission, swap and slippage, then convert the total if the account currency is PKR, USD or another currency.
What drives XAUEUR
XAUEUR reflects both the global gold price and EUR exchange-rate movement. It can rise because gold strengthens, because EUR weakens against the currency basis of global gold pricing, or both. Comparing XAUEUR with XAUUSD and EURUSD can clarify which driver dominates, but it does not create a risk-free triangular trade.
XAUEUR versus XAUUSD test
| Field | XAUEUR | XAUUSD |
|---|---|---|
| Quote/P&L currency | EUR | USD |
| Contract size | 100 oz | 100 oz |
| Observed spread | Record at same timestamps | Record at same timestamps |
| Zero commission | USD 15.50/lot/side | USD 5.50/lot/side |
| Conversion to account | Calculate explicitly | Calculate explicitly |
| Net hypothesis | Gold relative to EUR | Gold relative to USD |
Demo acceptance exercise
- Record twenty simultaneous XAUEUR, XAUUSD and EURUSD snapshots.
- Calculate cash spread at one-ounce exposure.
- Mark European/US session and HMR status.
- Simulate the same gold invalidation concept in both pairs.
- Add exact commission and conversion.
- Select the pair only if its currency hypothesis and complete cost fit the plan.
Official source
Exness commodity specifications: XAUEUR · Trading calculator fields
Questions from a first-time learner
What does XAUEUR mean?
It is the euro price of one troy ounce of gold.
What is the XAUEUR contract size?
The current Exness specification states 100 troy ounces per lot.
Can I use XAUUSD commission values?
No. For example, current Zero commission is USD 15.50/lot/side on XAUEUR versus USD 5.50 on XAUUSD.
What is 0.01 lot exposure?
One nominal troy ounce of gold, without ownership of physical metal.