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first of all, i gave you what i thought were the extreme expansions, my top number is $3400 for now.
as far as the reasons for movement in price, i would say the only reasons are supply and demand along amount of buyers and sellers.
its different market this time around since the inception of ETF's. they are forced to buy or sell the underlying metal based on the action in those funds. also central banks are the main purchasers of gold . they seem to be buying. China, Inda, and Russia are loading up now. because of the corona, mining is at a standstill with big demant. that also is a big reason why the price has been going up.
if you asked me what i thought was the underlying reason for demand in precious metals, i would answer: trust in government.
take a look all over the world and ask yourself do you trust the leaders of the world to do the right thing? if you think they will, then sell your gold.
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