What explains the relative stability of the price of gold, Microeconomics

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What explains the relative stability of the price of gold

[Gold prices and the gold standard] Go to the Web site of the Federal Reserve Bank of St. Louis Federal Reserve (FRED) (research.stlouisfed.org/fred2/), and find the Gold Fixing Price 10:30 a.m. (London time) in London Bullion Market, based in U.S. Dollars (GOLDAMGBD228NLBM) from 1968 to the most recent available date.

a. What explains the relative stability of the price of gold from 1968 to 1971?

b. What implications do the movements in gold prices since 1971 have for an attempt to reestablish a gold standard?

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