Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3814 - 4129
Mar 19
4004
Mar 25
3938
Mar 31
4008
Apr 7
3990
Apr 13
4042
Apr 17
4129
Supporting drivers
EUR / USD
1.1797
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.26%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
1.90%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.