Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3438 - 4543
Nov 3
3496
Jan 19
4012
Mar 30
3944
Jun 11
3532
Aug 20
3838
Oct 30
3503
Supporting drivers
EUR / USD
1.1172
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.94%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.60%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.