Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range1633 - 5264
Mar 1
1708
Mar 1
1937
Mar 1
1971
Mar 1
2234
Mar 1
3123
Mar 1
5078
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.