A capitalization-weighted index composed of the common stocks of nine companies in the gold and silver mining index. The index is a product of the Philadelphia Stock Exchange and began trading in January 1979 with an initial value of 100. Its ticker symbol is XAU.
PHLX Gold & Silver Index - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"PHLX Gold & Silver Index." YourDictionary, n.d. Web. 23 October 2018. <http://www.yourdictionary.com/phlx-gold-amp-silver-index>.
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PHLX Gold & Silver Index. (n.d.). Retrieved October 23rd, 2018, from http://www.yourdictionary.com/phlx-gold-amp-silver-index
