Why did spain explore the new world?

The triple gs gold god and i dont know what the last one is

However, Spain was locked in by France and Portugal, who were great powers at the time and under Henry VIII, England had finally rivaled the Spanish naval fleet. Therefore, westward oceanic expansion was the best shot at exerting a greater global influence for Spain. It worked quite well too. Hence, why most of the Central and Southern American countries speak some base form of the Spanish language. Brazil was the major exception. It was "discovered" by Portugal and held quite strongly