Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3756 - 3998
Aug 12
3834
Aug 18
3804
Aug 24
3998
Aug 28
3919
Sep 4
3799
Sep 10
3758
Supporting drivers
EUR / USD
1.1616
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.95%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.55%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.