Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range2795 - 4543
Apr 28
2902
Jul 9
2821
Sep 18
3083
Nov 26
3576
Feb 11
4267
Apr 24
4023
Supporting drivers
EUR / USD
1.1749
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.31%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
1.89%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.