Saturday, January 26, 2008

Unit 1: The price of gold

The price of gold has set another record high, reaching $923 an ounce, reports the BBC

http://news.bbc.co.uk/1/hi/business/7209599.stm

a) Using a S&D diagram and the article, explain why the price of gold has risen and looks likely to continue to rise. Make sure you identify which determinants of demand and supply have changed

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