Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range4128 - 4379
Jun 16
4332
Jun 17
4342
Jun 18
4308
Jun 18
4214
Jun 19
4163
Jun 21
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.