Gold Enters the Storybook Stage | RealClearPolitics

RealClearPolitics

by Ruchir Sharma, Financial Times

February 23, 2026

AI-Generated Deep Dive Summary

Gold prices have surged far beyond levels explained by traditional economic fundamentals, leaving experts puzzled about what might halt this upward trajectory. The article highlights how geopolitical tensions, inflation concerns, and a shift in investor sentiment have driven gold to unprecedented highs, with no clear indicators suggesting a slowdown anytime soon. Historically, gold prices are influenced by factors like inflation rates, interest rates, and global economic stability. However, recent gains appear to be more speculative, with investors seeking safety amid rising political uncertainties and economic instability. This divergence from conventional market dynamics raises questions about the sustainability of gold's rally and its potential long-term implications for the global economy. The article underscores why this matters in the context of politics and investing. As a traditional safe-haven asset, gold often sees increased demand during periods of geopolitical unrest or economic uncertainty. With global tensions escalating and central banks maintaining loose monetary policies, gold has become an attractive option for investors seeking protection against potential market volatility. This trend also reflects broader shifts in investor behavior and market dynamics. The article suggests that while fundamental factors may eventually play a role in stabilizing prices, the current environment of heightened anxiety and uncertainty could keep gold's ascent alive. For readers interested in politics and economics, understanding these forces provides insight into how global events shape financial markets and investor decisions. Ultimately, the article paints a picture of a market where speculation and sentiment are driving forces, leaving experts and investors alike wondering how long this trend will continue. As gold continues to climb, its implications for economic stability and political dynamics remain a key focus for anyone tracking the intersection of finance and global affairs.

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Originally published on RealClearPolitics on 2/23/2026