Gold rising to $4,000 an ounce ‘would not be an unreasonable move" (marketwatch)

First, take a look at this chart showing how monthly prices for an ounce of gold GC00, +1.26% (per continuous gold contracts on the New York Mercantile Exchange) have moved over the past 30 years:

You can see the triple bottom from the end of 2015 through November 2018.

“Ever since then, it has been gradual move up, then some down. It moves sometimes in big chunks, gives some back, sits around and does nothing, reacts to stimulus, inflation, the value of dollar and euro ... but it has had an aggressive move this year,” Cuggino said.