Post #16218

XAU/USD: The "Golden Era" May Return. Watch Out For This: Gold at $4,750, up three straight sessions after rebounding $250 from Monday's lows. But the bigger picture tells a different story — bullion is still down 10% since the war began. The safe haven that was supposed to shine in conflict hasn't. The pre-war "Golden Era" was built on global easing, falling yields, and central bank gold buying. The war broke that playbook. Central banks pivoted hawkish, yields surged, and the dollar became the preferred safe haven. Gold lost its edge to cash and bonds that actually pay yield. Here's what changes if a deal lands. Oil drops, inflation expectations cool, rate hike pricing unwinds, and the easing cycle that fueled gold's run can resume. Central bank buying never stopped — that structural bid is still there. Watch yields, the dollar, and oil. Gold seems to have a strong support level at the $4,400-$4,200 range. - Alan