Gold Re-rates as Geopolitical Risk, Fiscal Pressures and Reserve Diversification Accelerate: Motilal Oswal Financial Services Ltd
Mumbai, February 24, 2026: Gold has entered a structural repricing phase, supported by weakening trust in global monetary systems, rising geopolitical tensions, tightening physical supply, and a clear shift in how countries manage their reserves, according to the latest Precious Metals Quarterly Report by Motilal Oswal Financial Services Limited. Gold prices crossed the USD 5,000 per ounce mark in early 2026, marking one of the strongest long-term bull phases in modern history. The report highlights that this rise is not driven by a single event, but by several long-term forces coming together and reshaping the global financial landscape. Historical Context and Real Rates: A Structural Shift Historically, gold has performed best when confidence in monetary systems weakens and governments face rising fiscal pressure, rather than during routine economic slowdowns. While gold has traditionally mov...