Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range4155 - 4155
1:40 PM
4155
4:25 PM
4155
9:05 PM
4155
1:40 AM
4155
6:05 AM
4155
1:05 PM
4155
Supporting drivers
EUR / USD
1.1467
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.46%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.21%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.