You are looking at the HTML representation of the XML format.
HTML is good for debugging, but is unsuitable for application use.
Specify the format parameter to change the output format.
To see the non HTML representation of the XML format, set format=xml.
See the complete documentation, or API help for more information. 
<?xml version="1.0"?>
<api>
  <parse title="API" displaytitle="API">
    <text xml:space="preserve">&lt;p&gt;&lt;a href=&quot;/index.php?title=King_Arthur%27s_Gold_Wiki:Sandbox&amp;amp;action=edit&amp;amp;redlink=1&quot; class=&quot;new&quot; title=&quot;King Arthur's Gold Wiki:Sandbox (page does not exist)&quot;&gt;King Arthur's Gold Wiki:Sandbox&lt;/a&gt;
&lt;/p&gt;
&lt;!-- 
NewPP limit report
CPU time usage: 0.004 seconds
Real time usage: 0.005 seconds
Preprocessor visited node count: 2/1000000
Preprocessor generated node count: 12/1000000
Post‐expand include size: 36/2097152 bytes
Template argument size: 0/2097152 bytes
Highest expansion depth: 2/40
Expensive parser function count: 0/100
ExtLoops count: 0/100
--&gt;
</text>
    <langlinks />
    <categories />
    <links>
      <pl ns="4" xml:space="preserve">King Arthur's Gold Wiki:Sandbox</pl>
    </links>
    <templates>
      <tl ns="4" xml:space="preserve">King Arthur's Gold Wiki:Sandbox</tl>
    </templates>
    <images />
    <externallinks />
    <sections />
    <iwlinks />
    <properties />
  </parse>
</api>