Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3980 - 4058
Apr 22
4036
Apr 23
4037
Apr 24
4014
Apr 24
4034
Apr 26
4021
Apr 27
3992
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.