Gold has fallen amid an Iran-linked oil shock, rising inflation expectations, and a stronger US Dollar. These factors support expectations that US Federal Reserve policy stays tighter for longer. Long-term technical support is placed at $4,288–$4,000 per ounce. An oil spike to $150+ per barrel is linked to a possible move in gold towards that support area. A projected recovery path depends on the Iran conflict easing and oil-driven inflation pressures fading. Under that scenario, gold is projected to resume an upward trend and reach $5,200+ by late 2026. Further conditions tied to a rise include lower yields, a ... (full story)