The price of gold is about 5 times greater than it was 10 years ago. Which of th

Question

The price of gold is about 5 times greater than it was 10 years ago. Which of the following explains this increase? O A. This is a price bubble. People buy gold because they believe the price will keep increasing. O B. The demand for gold has increased tremendously because of global uncertainty while the supply has not kept pace. C. Many people have sold their gold jewelry and coins because of the high price of gold. All this selling activity has pushed up the price of gold 0 D. Both A and B are possible explanations. OE. All of the above may explain the increase in the price of gold.

Explanation / Answer

The correct answer is D. The price of gold keeps rising because of rising demand and also lack of supply to match it. The correct answer is D.

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