Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3643 - 3777
Sep 21
3763
Sep 25
3737
Oct 1
3675
Oct 7
3664
Oct 13
3727
Oct 19
3695
Supporting drivers
EUR / USD
1.1225
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
5.15%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.80%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.