Research into Recent Developments in Gold Prices Paper

Into Recent Developments in Gold Prices - Research Paper Example Relating the context of recession to the price changes of gold in the international market, it can be stated that the revitalization of demand for the commodity in the recovery period of 2010-2011 led to the sustained and rapid rise in gold price. With gradually stabilizing demand along with the Customer Price Index (CPI) in major economies including US and UK, the purchase rate of gold also increased which further augmented gold prices to maintain balances in its supply and demand ratios. With reference to the above presented chart, it can be apparently noted that gold price augmented rapidly during the month of August, 2011. For instance, the average gold price was recorded as USD 1572.81 per OZ for the month of July 2011 which increased to USD 1755.81 per OZ in the month of August 2011. It is in this context that gold suppliers intended to foster the reserves of the commodity encouraging production as well as recycling following the recovery of the financial market. Although, a 7% increase in the mine production was witnessed, the recycling activity made negative contribution of 3% in comparison to the previous year. On the similar context, the demand for gold was also rising steeply in the previous quarters of the year, i.e. 971.70 tons in Q1 and 919.80 tons in Q2. Therefore, in order to maintain the balance in the supply of gold having lesser growth rate than the demand, the price of the commodity increased rapidly during the month of August 2011.

Edcaution Assignment Example | Topics and Well Written Essays - 500 words

Edcaution - Assignment Example Secondly, designers of norm-referenced tests should pick the content taught in the many schools, in the country. This is especially in the case of nationwide or district-wide examinations. Essay questions, true or false tests, matching questions, definition and open-ended questions are examples of criterion-referenced tests. They measure a student’s level of competence based on a preset standard without comparing him or her with peers. The objectives of the course and the curriculum inform the setting of criterion-referenced tests. These tests are most helpful when they measure students’ ability in given areas. There exists a need to ensure high validity and reliability of these tests. Firstly, designers of these tests should ensure that they pick the content matching the objectives of the course and the standards of the curriculum (Popham, 2008). A big cluster around the high end of the grading system shows many students met the standards. Secondly, the designers of these tests should suspend their biases. Bias-free tests are fair to all students regardless of gender, ethnic background, race and socio-economic status. High-stakes tests are another group of tests besides norm-referenced tests. The outcomes of these tests serve to make important decisions in people’s lives. A licensure examination is an example of a high-stakes test. This is because the results of the examination help decide the possibility of an examinee getting a permit to practice as a professional nurse (Kubiszyn & Borich, 2007). Because the results of high-stakes tests determine whether individuals get permits to do something or not, they need high reliability and validity. Speed tests measure the rate at which individuals can perform a given task. The test measures the speed of performance only and not the knowledge of individuals. There is a possibility of misusing