Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range1249 - 3825
Apr 1
1282
Apr 1
1444
Apr 1
1608
Mar 1
1768
Mar 1
2478
Mar 1
3771
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.