The price of gold is influenced by various factors such as geopolitical tensions, inflation, interest rates, and market sentiment. Historically, gold has been considered a safe-haven asset, with investors turning to it during times of uncertainty. Its scarcity and long-standing value have made it a popular choice for diversifying investment portfolios. In recent years, fluctuations in global economic conditions and geopolitical events have contributed to both increases and decreases in the price of gold. Despite short-term volatility, gold often retains its value over the long term, serving as a hedge against economic instability.