Subject: Analyze and evaluate the reasons for changes in the price of Gold between 2015-2019.
Briefly discover and describe the market structure of the good and specifically if there are any cartels/price fixing activities in the industry effecting the price changes discussed.
Gold has consistently eisen and delivered grest returns past 5 years because of global uncertainty like Brexit, US China Trade war, Russia OPEC crude tensions, Coronavirus pandemic which has sought investors and central banks and financial institutions to seek towards safe haven assets like Gold.
Market structure of good is Oligopolistic as there are only few lafge producers of gold in the world who dominate 90 percent of market and rest are owned by smaller firms in limited volumes.
Cartelisation has never been onserved and has not been reasonable for price change so far in history of gold returns.
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