Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range4112 - 4164
12:35 PM
4164
5:20 PM
4138
10:10 PM
4142
2:55 AM
4138
7:45 AM
4123
12:30 PM
4123
Supporting drivers
EUR / USD
1.1225
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
5.15%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.80%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.