Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range5080 - 5192
Mar 9
5134
Mar 10
5192
Mar 11
5182
Mar 12
5080
Supporting drivers
DXY
102.3
A softer dollar usually gives gold more room to advance in USD terms.
US 10Y
4.03%
Nominal yields set the opportunity cost for holding non-yielding bullion.
Real yield proxy
1.64%
Falling real yields tend to support gold because inflation-adjusted cash returns are less attractive.