The most common and most likely answer to this crossword clue is the 8 letter word ELDORADO
I've seen this crossword clue in Financial Times
E
L
D
O
R
A
D
O
More clues leading to the result ELDORADO
- What invading Spaniards sought in field or a domain
- Fuss after the Spanish note gold here?
- Olderin a fabulous place
- European group of stars entertaining large paradisical location
- Fictitious location of one battlefield or a dozen
- Adore old novel featuring a place of wealth and opportunity
- Cockney retained or kept old soap from the ’90s
- Criminal drooled about a place of great riches
- Adore old novel featuring a fabulous city
- Where to start digging gold in a lode possibly?
Buddy explains!
The straight part
We know that "a fabulous place" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case a fabulous place = eldorado.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.