Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range2269 - 3976
Mar 12
2269
May 26
2464
Aug 5
2545
Oct 16
3223
Dec 29
3213
Mar 12
3794
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.