Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range2973 - 3273
Jul 17
2973
Jul 23
3029
Jul 29
3011
Aug 4
3037
Aug 10
3202
Aug 14
3244
Supporting drivers
EUR / USD
1.1567
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.68%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.41%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.