Gold price rebounds on US-Iran deal hopes

• •On one hand, any positive geopolitical news that could de-escalate tensions is a good thing, both for the world and my overall portfolio stability.
• •I've got some exposure to gold for hedging purposes, especially with inflation concerns and the general market choppiness recently.
• •Seeing it pop by 3.6% in a day, as the article mentions, is definitely a nice bump.

Hey everyone, just read this article about gold prices jumping on hopes of a deal between the US and Iran: https://www.mining.com/gold-price-rebounds-on-us-iran-deal-hopes/

Honestly, I'm a bit conflicted. On one hand, any positive geopolitical news that could de-escalate tensions is a good thing, both for the world and my overall portfolio stability. I've got some exposure to gold for hedging purposes, especially with inflation concerns and the general market choppiness recently. Seeing it pop by 3.6% in a day, as the article mentions, is definitely a nice bump. But on the other hand, it also highlights how fragile these gains can be, entirely dependent on headlines and speculation. I remember back in '08 and '09, gold was my safe haven, but now it feels like its movements are more intertwined with volatile political narratives than pure economic fundamentals at times. My wife and I are getting closer to retirement, so I'm really trying to balance growth with preservation, and these big swings based on international relations make me a little antsy.

What are your thoughts on this? Are you guys buying into this gold rally, or do you think it's a bit premature given how quickly these "hopes" can turn around? Curious to hear if anyone is adjusting their allocations based on news like this, or if you're holding steady.