Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range3041 - 3341
Jun 4
3341
Jun 10
3117
Jun 16
3234
Jun 22
3168
Jun 26
3081
Jul 2
3103
Supporting drivers
EUR / USD
1.1399
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.49%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.26%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.