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<p id="isPasted">The price went up because demand went up, and demand went up because so many people were buying and stockpiling gold, assuming that the price would keep going up. But that can't go on forever. Eventually, the rate of gold-buying can't be sustained, people trying to sell can't find buyers, so the price goes down. When that starts to happen, everyone who put all their money into gold realizes that, if prices keep going down they can lose everything, which causes them to sell, which causes the price to drop even faster.</p><p>When people buy something because they think other …</p>
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<p>A sudden increase in gold prices can sometimes have hidden reasons behind it. One possible hidden reason is when big players or institutions manipulate the gold market to make money. They might create a fake shortage of gold or increase demand to boost their own profits. Also, things like international conflicts or decisions by central banks, like changing their gold holdings, can unexpectedly push gold prices up. While not all price jumps have hidden motives, it's important for investors to stay watchful and consider different factors when dealing with gold investments.</p>