Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3756 - 3998
Aug 11
3798
Aug 17
3800
Aug 21
3917
Aug 27
3924
Sep 3
3846
Sep 9
3789
Supporting drivers
EUR / USD
1.1652
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.83%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.46%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.