Gold price fluctuations

Gold price fluctuations are driven by a combination of factors, including economic stability, inflation, interest rates, currency strength, and geopolitical events. When investors fear economic downturns or inflation rises, they buy gold as a safe haven, pushing prices up. Conversely, when confidence in the economy improves, interest rates rise, or the dollar strengthens, gold prices tend to decline as investors seek higher-yield assets. Supply and demand also influence prices, with new discoveries or increased mining lowering costs, while jewelry and industrial demand can boost prices. Overall, gold acts as a barometer of economic sentiment, leading to its fluctuating value.