$BTC $The price of gold has reached an all-time high. Now let's discuss why the price of gold increases? Reasons for price increase: -

1. Inflation – When the value of currency decreases, investors buy gold as a safe investment, leading to an increase in price.

2. Weak Dollar – Generally, the price of gold is determined against the US dollar. If the value of the dollar decreases, the price of gold may increase.

3. Economic Uncertainty – During times of war, pandemics, or economic recessions, people increase their investments in gold, which causes the price to rise.

4. Central Bank Reserves – If central banks of various countries buy a large amount of gold, demand increases and the price rises.

5. Monetary Policy & Interest Rates – When interest rates decrease, investors prefer to buy gold instead of keeping money in banks, which drives the price up.

6. Supply Shortage $BTC