Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range4455 - 4546
4:45 AM
4487
9:30 AM
4490
2:20 PM
4486
7:05 PM
4521
11:55 PM
4526
4:40 AM
4544
Supporting drivers
EUR / USD
1.1681
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.69%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.35%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.