Famed investor Ruchir Sharma says gold looks disconnected from fundamentals and prices are being driven by 'random stories'

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• Gold's explosive rally isn't grounded in fundamentals, Ruchir Sharma says.
• The Rockefeller chairman said he believes investors have coming up with stories about why it's risen so much.
• He recommends investors diversify into other commodities.

The explosive rally lifting gold prices since the start of last year looks alarmingly disconnected from any fundamental reality, with investors coming up with narratives explain its rise, a veteran investor says.