[Can gold recover only when the US-Iran conflict ends? Bank of America strategists stress that key negatives remain unresolved] October 27th: Although analysts have been emphasizing that gold’s long-term investment value remains unchanged, the asset’s price has fallen from US$5,600 per ounce at the beginning of the year, and has recently fallen below US$4,000 per ounce, reflecting the market’s increasingly cautious attitude towards gold. Rob Haworth, senior investment strategist at Bank of America Wealth Management, pointed out that the U.S.-Iran conflict must end in order for gold prices to return to $5,000 an ounce. He stressed that while gold's long-term investment appeal remains, the precious metal continues to face negative pressure as central banks prioritize economic stability and energy security over accumulating more gold. As long as the U.S.-Iran conflict continues, pressure on the gold market will remain. He added that the U.S.-Iran conflict has led to a major shift in global capital flows as countries facing rising energy and food costs diversify resources away from reserves and toward other uses. At the same time, rising bond yields, a stronger dollar and growing liquidity needs are eroding gold's traditional safe-haven appeal.