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The Economic Times

Markets / The Economic Times

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Storytellers behind gold boom? Why bullion bull Ruchir Sharma is now agnostic

Gold prices are experiencing significant volatility, driven by narratives of global risk and uncertainty rather than traditional fundamentals. Central bank purchases and investor demand, particularly from China, have fueled this surge. Traditional valuation models are now irrelevant as gold trades at a significant premium. The rally's continuation depends on ongoing liquidity and investor belief in the prevailing narratives.

24 Feb 2026 1:05 pm