Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3532 - 4002
May 14
4002
May 20
3865
May 27
3803
Jun 2
3866
Jun 8
3744
Jun 12
3619
Supporting drivers
EUR / USD
1.1567
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.48%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.17%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.