In recent weeks, we have seen movements in&nbsp;the gold market that may, at&nbsp;first glance, look worrying. The gold price has fallen by up to around 27% from its peak levels. For many investors, this kind of&nbsp;correction is cause for concern, but when viewed in a&nbsp;wider context, it starts to&nbsp;make more sense.

Is now the time to&nbsp;take a&nbsp;closer look at&nbsp;gold?

April 2026 marks a&nbsp;major milestone in&nbsp;modern space exploration – the Artemis&nbsp;II mission, the first crewed journey around the Moon in&nbsp;more than 50&nbsp;years. Following its launch from the Kennedy Space Center in&nbsp;Florida on 1&nbsp;April, the Orion spacecraft carried four astronauts (Reid&nbsp;Wiseman, Christina&nbsp;Koch, Victor&nbsp;Glover, and Jeremy&nbsp;Hansen) on a&nbsp;trajectory designed to&nbsp;test both technology and human capability in&nbsp;the transition to deep space and in&nbsp;the return to Earth. Artemis&nbsp;II is a&nbsp;crucial step in&nbsp;preparations for future lunar landings and a&nbsp;sustained human presence on the Moon.

To the Moon and back: Artemis&nbsp;II and gold and silver in&nbsp;space

In&nbsp;March, there was an&nbsp;unexpected turn in&nbsp;the&nbsp;markets. Many investors expected gold to rise&nbsp;– particularly amid global tensions and&nbsp;higher energy prices. Instead, the&nbsp;opposite happened.

March 2026: why did gold fall in&nbsp;the&nbsp;ace of&nbsp;rising global tensions?

The conflict in&nbsp;Iran is pushing up oil and energy prices, creating inflationary pressures. Central banks are responding by&nbsp;raising interest rates. Higher rates increase the appeal of US bonds and strengthen the US dollar, which in&nbsp;the short term puts downward pressure on&nbsp;gold prices.

The current fall in gold prices may seem illogical, but is actually easy to explain

In&nbsp;a commentary published in&nbsp;the&nbsp;Financial&nbsp;Times, author and&nbsp;chairman of&nbsp;Rockefeller International Ruchir Sharma writes that gold may have entered a&nbsp;phase in which its price is driven more by&nbsp;“stories” about global uncertainty than by&nbsp;traditional fundamentals. He compares the current situation to&nbsp;the&nbsp;gold rush of&nbsp;the&nbsp;1970s and&nbsp;suggests that the&nbsp;market may&nbsp;be entering a&nbsp;stage where narratives –&nbsp;global stories about risk and&nbsp;uncertainty –&nbsp;outweigh economic models.

Interest in gold is driven not by&nbsp;narrative, but by&nbsp;experience

A recent MarketWatch article cites investment analyst Daniel&nbsp;Oliver as arguing that gold’s rise is far from over. In his view, the market is only at the start of a&nbsp;stronger upward phase. Although gold is currently trading at around USD&nbsp;5,000 per ounce, he believes there is room for it to move significantly higher in the years ahead.

Gold at USD&nbsp;12,000? The reason matters more than the figure

More than half a&nbsp;century ago, a&nbsp;decision by&nbsp;US&nbsp;President Richard Nixon brought the&nbsp;era of&nbsp;gold-backed currencies to&nbsp;an&nbsp;end and&nbsp;laid the&nbsp;foundations for today’s fiat-money system. Yet while the&nbsp;world abandoned gold as the&nbsp;basis of&nbsp;its monetary system in&nbsp;1971, central banks are now buying it in&nbsp;large quantities, and&nbsp;some US&nbsp;states are once again recognising it as legal tender. What, then, is the real legacy of&nbsp;1971?

Blog

55 years since the end of the gold standard: what does 1971 tell us about the value of money today?

Is now the time to take a closer look at gold?

To the Moon and back: Artemis II and gold and silver in space

March 2026: why did gold fall in the ace of rising global tensions?

The current fall in gold prices may seem illogical, but is actually easy to explain

Interest in gold is driven not by narrative, but by experience

Gold at USD 12,000? The reason matters more than the figure

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