Gold prices

Gold prices fluctuate based on supply and demand in global markets. When economic uncertainty rises, investors often turn to gold as a "safe haven," increasing its price. Factors such as inflation, currency strength, interest rates, and geopolitical events also influence gold prices. Central banks and jewelry demand contribute to supply and demand dynamics. Additionally, mining production affects availability. Overall, gold is seen as a store of value, making its price sensitive to shifts in investor confidence and economic conditions. Understanding these elements helps make sense of how and why gold prices change over time.