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MSE’s Academy of Money

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The image is a line graph showing the price of gold in pounds, sterling from 1989 to 2020. The graph shows a sharp rise in the price of gold over this period but with periods of marked price decline. The sharp rise in the price of gold in early 2020 relates to the impact of the Covid-19 pandemic.
Figure 14 Commodity prices can be volatile

 13 Understanding commodities