Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3483 - 4351
Mar 17
4351
Apr 23
4036
Jun 1
3820
Jul 6
3628
Aug 10
3742
Sep 15
3723
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.