Euro-priced gold is closer to its upper range, driven by global bullion strength rather than a sharp euro-specific move.
Chart range3483 - 3798
Jul 13
3536
Jul 17
3494
Jul 23
3551
Jul 30
3582
Aug 5
3641
Aug 11
3798
Supporting drivers
EUR / USD
1.1540
FX translation changes what non-USD investors actually pay for gold, even when XAU/USD is steady.
U.S. 10Y
4.70%
Nominal Treasury yields frame the opportunity cost of holding non-yielding bullion.
10Y real yield
2.43%
Inflation-adjusted rates are one of the clearest macro pressure points for gold demand.