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Question: Discuss about theHuman Resource Analytics. Answer: Introduction Gold is a precious metal in this world because of its various applications. Therefore, understanding the way its prices are affected could be valuable to the investors. The gold prices are subject to external factors that affect the general pricing of gold throughout the world. Gold has been there for thousands of years and yet it has remained to be of value even today. That makes it an integral piece of the worlds economy. When gold prices go up, important aspects of the economy are affected such as fuel prices, food prices and so on (Rong Lijian 2008). Therefore, having knowledge regarding what affects the gold prices will aid the investors in beforehand preparations and insulation against trying economic times. The availability of gold is the primary factor that results in the fluctuation of gold prices. There are other factors, which this essay will address, that affect the gold availability, and in turn, they affect gold prices. Continuing Factors Iranzo et al. (2007) believe that availability of Gold affects the prices of gold. Whenever gold is in plenty, the prices of the gold will go down. The reduced prices are as a result of the increased rate of substitution. Since there are many points where the clients can get the gold, the gold sellers have less control over he prices. During times of scarcity, the gold prices will increase because of the low rate of substitution. Looking at the seasonality charts (See appendix 4), gold prices are high at the period after the May 5th all the way to December. After that, the prices are low after December until May creating a season. One such time when the gold prices are down is during a global crisis which results in the low confidence of investors in financial markets or governments. World events affect the gold prices because they affect the availability of gold in the world. When the Russians moved into Ukraine, the prices of Gold increased because the geopolitical instability was affecting the production of the metal. That increased the scarcity of the metal. One-Off Factors Gold prices are also affected by the demand and supply factors of its market. Gold is a metal known for its high demand since it has numerous uses. It can be used to create priced beauty ornaments that fetch extremely high prices. The metal is also an industrially preferred metal because of its high resistance to corrosion. That means it is long lasting and increases the productivity of the industries. Moreover, it has a high thermal and electrical conductivity making it even more precious to the industrial market. Manheim (2010) asserts that gold has a finite supply which means that it is a very scarce resource. Whenever it becomes available in the market, it is purchased at a faster rate. The high demand leads to under-supplication of the commodity. Because of the scarcity, the prices will increase. The charts show this effect between December and January (see appendix 3). As the year ends, the demand is high but the supply keeps on decreasing because the Gold is quickly purchased off the market. Central bank reserves are also a primary input in the prices of gold all around the world since they hold gold and paper currencies in their reserves. The purpose of doing this is to maintain the supply of these commodities in the market. When gold is in excess within the economy, there could be inflation which may occur (Roosma Saar 2012). Following appendix 2, it can be seen that the demand is high following the increased prices. As the gold is purchased from the market, the prices increase which show the effect that the Central Bank has on the gold prices. In a bid to avert the potential inflation, the Central Bank will buy gold from the economy and put it in storage. That will reduce the flow of these commodities in the market. That is why there is a seasonal pattern of gold prices for about twenty years where gold prices are low until May 5th but rise again from then to about December 5th. That is called the gold season seasonality. The mere fact that it occurred for the last t wenty out of thirty years increases the reliability and validity of this assertion. Interest rates are factors that affect the general prices of gold all over the world. Gold fails to pay interest in the same way a savings account or treasury bonds would. However, the current gold prices have often reflected a decline or increase in the interest rates (Lubienski Jameson 2016). When the interest rates hike up, the gold prices reduce since people will be selling their gold in a bid to free up funds to use for other investment opportunities. A decrease in the interest rates, however, results in an increase in gold prices. That is because people will want to save money and escape the effects of the high-interest rates. The gold price may increase later on because of the lower opportunity cost incurred in holding gold over other investments. Wealth protection is also a factor that affects the gold prices over the years. In the cases that result in economic uncertainty, investors will opt to invest in gold because of its value that is long lasting. According to Feiler (2006), gold is a metal that is unique because of its ability to withstand natures force of depreciation. That means that its depreciation is extremely low resulting in an enduring value. Thus, Gold is always a haven for investors during challenging economic times such as the economic recession of 2000. When the gold is in plenty, investors will purchase the gold to sell it when the prices are high. These investments reduce the supply of gold explaining the increase between December and January (see Appendix 1). Gold has been a hedge against trying economic times where gold prices are forced up. It has been a hedge for investors against deflation, inflation, and currency devaluation within an economy insulating investors. Thanks to its enduring value, invest ors will not feel the pinch of the economic falls. References Feiler, G 2006, 'Global Oil Trends and their Effect on the Middle East', Israel Affairs, 12, 4, pp. 698-714 Iranzo, P, Alsina, M, Martnez-De Pablo, I, Segura, S, Mascar, J, Herrero, C 2007, 'Gold: an old drug still working in refractory pemphigus', Journal Of The European Academy Of Dermatology Venereology, 21, 7, pp. 902-907 Lubienski, C, Jameson Brewer, T 2016, 'an Analysis of Voucher Advocacy: Taking a Closer Look at the Uses and Limitations of Gold Standard Research', Peabody Journal of Education (0161956X), 91, 4, pp. 455-472 Manheim, D 2010, 'Pearl's Golden Chain in The Scarlet Letter, Explicator, 68, 3, pp. 177-180 Rong, L, Lijian, Y 2008, 'Kernel estimation of multivariate cumulative distribution function', Journal Of Nonparametric Statistics, 20, 8, pp. 661-677 Roosmaa, E, Saar, E 2012, 'Participation in non-formal learning in EU-15 and EU-8 countries: demand and supply side factors', International Journal of Lifelong Education, 31, 4, pp. 477-501