Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range4542 - 4643
12:15 AM
4561
5:00 AM
4547
9:50 AM
4619
2:35 PM
4620
7:25 PM
4621
12:10 AM
4628
Supporting drivers
EUR / USD
1.1702
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.40%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
1.94%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.