💥 Geopolitical risks — Safe-haven buying during conflicts (e.g., recent US/Israel/Iran-related news).
💥 US Dollar strength/weakness — Inverse correlation with DXY.
💥 Interest rates & inflation — Lower real yields favor gold.
💥 Central bank demand — Record buying in recent years.
💥 Economic data — NFP, CPI, Fed decisions cause big spikes.
💥 Trading sessions — Highest volatility during London-New York overlap (roughly 12:00–16:00 GMT / ~5:30 PM–9:30 PM IST), especially around US news releases.
