Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range3602 - 3976
Feb 12
3611
Feb 18
3666
Feb 24
3814
Mar 2
3976
Mar 6
3864
Mar 12
3804
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.