Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range2990 - 3421
Aug 3
2990
Aug 7
3224
Aug 13
3241
Aug 18
3256
Aug 24
3421
Aug 28
3359
Supporting drivers
EUR / USD
1.1596
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.75%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.44%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.