Sterling gold remains resilient, with physical buying adding support whenever the market backs off headline highs.
Chart range2677 - 3976
Sep 12
2691
Oct 17
3145
Nov 24
3154
Dec 30
3215
Feb 5
3521
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.