Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3503 - 3731
Oct 12
3731
Oct 16
3723
Oct 22
3613
Oct 27
3639
Nov 2
3526
Nov 6
3627
Supporting drivers
EUR / USD
1.1193
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.86%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.63%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.