From The Heroes of Might and Magic III wiki
| Golden Bow
| Effect: When wielded, the Golden Bow allows hero's ranged troops to shoot through any obstacle or at any range without penalty.
is a major class artifact, that is equipped in miscallaneous slot. When equipped a miscellaneous slot
eliminates both range penalty
and obstacle penalty
for shooters under hero's command. However, unlike the combination artifact Bow of the Sharpshooter
, adjacent enemies must still be attacked in melee.