Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3528 - 3752
Jun 12
3619
Jun 18
3696
Jun 24
3549
Jun 30
3533
Jul 6
3628
Jul 10
3586
Supporting drivers
EUR / USD
1.1430
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.56%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.32%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.