Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3532 - 3904
May 22
3886
May 29
3904
Jun 4
3863
Jun 9
3739
Jun 15
3752
Jun 19
3620
Supporting drivers
EUR / USD
1.1467
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.46%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.21%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.