Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range3018 - 3250
Jun 8
3239
Jun 9
3237
Jun 10
3120
Jun 11
3062
Jun 12
3131
Jun 13
3148
Supporting drivers
EUR / USD
1.1567
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.48%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.17%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.