Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3084 - 4550
Sep 12
3110
Oct 17
3617
Nov 24
3582
Dec 30
3690
Feb 5
4051
Mar 12
4399
Supporting drivers
DXY
102.3
A softer dollar usually gives gold more room to advance in USD terms.
US 10Y
4.03%
Nominal yields set the opportunity cost for holding non-yielding bullion.
Real yield proxy
1.64%
Falling real yields tend to support gold because inflation-adjusted cash returns are less attractive.