Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3483 - 3759
Jul 9
3612
Jul 15
3561
Jul 21
3549
Jul 28
3538
Aug 3
3492
Aug 7
3759
Supporting drivers
EUR / USD
1.1535
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.65%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.40%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.