Post #16135

Can Gold Gain Its Shine Again? Gold is struggling to gain traction, hovering just below $4,800 as markets balance ongoing Middle East tensions with the potential for negotiations. Despite the geopolitical backdrop, it hasn’t caught a strong safe-haven bid. The bigger driver has been macro. The energy shock pushed inflation expectations higher and kept rate hike risks alive, while strong US data — especially on the consumer side — has reduced urgency to move into gold. That combination has weighed on price, with gold down over 8% since the conflict began. Now the narrative may be shifting. With a potential end to the war, oil cooling, and a new Fed chair in focus, the setup for gold could start improving — especially if yields begin to soften and policy leans more dovish. From a positioning standpoint, gold is starting to stabilize. EdgeFinder has it at a Neutral +4, right on the edge of turning bullish, with solid support sitting in that $4,400–$4,200 range. - Alan