Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3395 - 4543
Oct 28
3395
Dec 1
3640
Jan 9
3860
Feb 13
4211
Mar 19
4004
Apr 24
4023
Supporting drivers
EUR / USD
1.1712
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.