Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range3102 - 3266
Sep 14
3162
Sep 18
3258
Sep 24
3227
Sep 29
3143
Oct 5
3132
Oct 9
3167
Supporting drivers
EUR / USD
1.1206
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
5.24%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.91%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.