The swap calculation for gold is 100 oz since our XAUUSD has a contract size of 100. 1 lot =100oz
The swap for XAUUSD is -0.01. Is this -0.01 oz or -0.01 USD?
In EURUSD the swap is denominated in EUR (the left currency), so I suppose in the case of XAUUSD it should be left part too (XAU). If this is correct -0.01 oz (from 100 oz) is -0.01% and this is -3.65% per year (365 days). The minus means that the trader is paying the swap. Is this correct?