Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3681 - 3774
Sep 11
3750
Sep 13
3745
Sep 14
3724
Sep 15
3697
Sep 16
3737
Sep 16
3693
Supporting drivers
EUR / USD
1.1537
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
5.00%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.62%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.