Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3863 - 4129
Apr 13
4042
Apr 17
4129
Apr 23
4036
Apr 28
3908
May 5
3916
May 11
4020
Supporting drivers
EUR / USD
1.1765
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.42%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
1.95%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.