Dollar softness and steadier real yields are keeping dip buyers active. Gold remains expensive, but not euphoric.
Chart range3949 - 5405
Oct 28
3949
Dec 1
4239
Jan 9
4494
Feb 13
4995
Mar 19
4600
Apr 24
4712
Macro context
EUR / USD
1.1712
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.31%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
1.89%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.
Related guides
Coin value pages