International Gold: XAU Country Codes
Gold, represented by the international currency code XAU, is a precious metal with a long and storied history as a commodity, currency, and store of value. It is traded globally in various forms, including bullion, coins, and derivatives.
To facilitate international trade and settlement, each country is assigned a unique country code for gold. These codes are used to identify the origin and authenticity of gold shipments. The country codes are maintained by the International Organization for Standardization (ISO).
The following table lists the ISO country codes for gold, along with their corresponding countries:
| Country Code | Country |
|:———–:|:——–:|
| AU | Australia |
| CA | Canada |
| CH | Switzerland |
| CN | China |
| DE | Germany |
| GB | United Kingdom |
| HK | Hong Kong |
| IN | India |
| JP | Japan |
| RU | Russia |
| SG | Singapore |
| US | United States |
| ZA | South Africa |
For example, if a gold shipment is marked with the country code “AU,” it indicates that the gold originated from Australia. This information is crucial for ensuring transparency and traceability in the gold trade.
The use of country codes for gold helps to:
* Identify the origin of gold shipments, preventing counterfeiting and fraud.
* Track the movement of gold across borders, facilitating compliance with international regulations.
* Ensure that gold is ethically sourced and complies with responsible mining practices.
The international gold market is highly regulated to maintain trust and protect investors. The use of country codes plays an essential role in this regulatory framework by providing a common language for the identification and tracking of gold shipments worldwide.
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