Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range3913 - 4189
Oct 12
4172
Oct 16
4189
Oct 22
4048
Oct 27
4057
Nov 2
3955
Nov 6
4050
Supporting drivers
EUR / USD
1.1193
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.86%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.63%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.