Having been alarmed by widespread declines in equity market

Question

Having been alarmed by widespread declines in equity markets , gold's price, which is often used  as a safe haven investment during time of economic trouble, has risen dramatically in recent months.

A) Having been alarmed by widespread declines in equity markets , gold's price, which is often used

B) Because of alarm resulting from widespread declines in equities market, the price of gold, which is often used

C) Since being alarmed by widespread declines in equities markets, the price of gold, often used

D) As a result of alarm by widespread declines in equities markets , gold's price, used often

E) Alarmed by widespread declines in equities markets , the price of gold, often used

sivatx2 · Answer

1. the modifier after gold (immediately followed by comma and which) correctly modifies the noun gold( gold is a safe investment and not price is the safe investment).By crash & burn, if you pick the main clause, then

The price of gold has risen dramatically in recent months.

is clean and correct.

2. "Because of" usually avoids passive voice and most of the times, does the cause and effect correctly. All other choices tries to use passive voice.

3. Gold price is the metrics of gold market. Saying Gold's price is incorrect, it makes it possessive noun.

Ag03 · Answer

A& D. Gold's price, used often as a safe haven for investment - incorrect
C. The price of gold, often used as a safe haven- here the noun for the modifier is again price of gold and not gold, which is incorrect
E. 'Alarmed by...markets' is modifying price of gold

AUG1523 · Answer

Can someone explain why B and not E?

grrishikesh03 · Answer

E suggests that gold itself was alarmed by the decline in the equity market which is false. The proce of gold rose due to alarm in the equite market.

Posted from my mobile device

Awesomia · Answer

Having been alarmed by widespread declines in equity markets , gold's price, which is often used  as a safe haven investment during time of economic trouble, has risen dramatically in recent months.

First off, what the author is trying to convey is that due to the declines in equity markets, gold's price has risen.
Considering the message, we can strike out A, C, and E, because they are referring that the gold price is alarmed by the decline.

Then we are left with B and D.
B is saying that the declines in equities market 'influenced' the rise of gold price.
D is saying that the alarm caused by declines in equities market 'resulted' the rise of gold price.
We cannot surely say that the rise of gold price was the 'result' of the alarm.

Strike D out.

Thus, B is the answer.

A) Having been alarmed by widespread declines in equity markets , gold's price, which is often used
the gold price is alarmed by the decline? Out.

B) Because of alarm resulting from widespread declines in equities market, the price of gold, which is often used.

C) Since being alarmed by widespread declines in equities markets, the price of gold, often used
the gold price is alarmed by the decline? Out.

D) As a result of alarm by widespread declines in equities markets , gold's price, used often

E) Alarmed by widespread declines in equities markets , the price of gold, often used
the gold price is alarmed by the decline? Out.

Pranaybhonagiri · Answer

A)  gold's price, which is often used  doesn't make any sense because how can gold's price be used as a safe haven investment??  Eliminate

B) This option is clearly states that "because of alarm resulting from widespread declines in equities market, the price of gold has risen)". Also "Which" clearly refers to the gold  Correct.

C)  "the price of gold, often used' . there is a small ambiguity as of what is often used (the gold ?? or the price of gold ??). 
The use of 'since' and 'recent months' is biased.  Eliminate

D) Same mistake as A.  Eliminate

E) Same mistake as C.  "the price of gold, often used' . there is a small ambiguity as of what is often used (the gold ?? or the price of gold ??)  Eliminate

Please correct me if i am wrong with this reasoning.

ExpertsGlobal5 · Answer

Hello  Pranaybhonagiri ,

We hope this finds you well.

To answer your query, your reasoning is largely correct here.

Kudos.

We would just like to point out that in Options A, C, and E, the initial modifier also incorrectly modifies "price", illogically implying that the price of gold was alarmed by widespread declines in equity markets.

We hope this helps.
All the best!
Experts' Global Team

VerbalBot · Answer

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Having been alarmed by widespread declines in equity market

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Having been alarmed by widespread declines in equity market

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