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1、 考研英语文章阅读 BurnishedMost economists hate gold. Not， you understand， that they would turn up their noses at a bar or two. But they find the reverence in which many hold the metal almost irrational. That it was used as money for millennia is irrelevant： it isn”t any more. Modern money takes the form of
2、 paper or， more often， electronic data. To economists， gold is now just another commodity.So why is its price soaring？ Over the past week， this has topped $450 a troy ounce， up by 9% since the beginning of the year and 77% since April 2022. Ah， comes the reply， gold transactions are denominated in d
3、ollars， and the rise in the price simply reflects the dollar”s fall in terms of other currencies， especially the euro， against which it hit a new low this week. Expressed in euros， the gold price has moved much less. However， there is no iron link， as it were， between the value of the dollar and the
4、 value of gold. A rising price of gold， like that of anything else， can reflect an increase in demand as well as a depreciation of its unit of account.This is where gold bulls come in. The fall in the dollar is important， but mainly because as a store of value the dollar stinks. With a few longish r
5、allies， the greenback has been on a downward trend since it came off the gold standard in 1971. Now it is suffering one of its sharper declines. At the margin， extra demand has come from those who think dollarsindeed any money backed by nothing more than promises to keep inflation lowa decidedly ris
6、ky investment， mainly because America， with the world”s reserve currency， has been able to create and borrow so many of them. The least painful way of repaying those dollars is to make them worth less.The striking exception to this extra demand comes from central banks， which would like to sell some
7、 of the gold they already have. As a legacy of the days when their currencies were backed by the metal， central banks still hold one-fifth of the world”s gold. Last month the Bank of France said it would sell 500 tonnes in coming years. But big sales by central banks can cause the price to plungeas
8、when the Bank of England sold 395 tonnes between 1999 and 2022. The result was an agreement between central banks to co-ordinate and limit future sales.If the price of gold marches higher， this agreement will presumably be ripped up， although a dollar crisis might make central banks think twice abou
9、t switching into paper money. Will the overhang of central-bank gold drag the price down again？ Not necessarily. As James Grant， gold bug and publisher of Grant”s Interest Rate Observer， a newsletter， points out， in recent years the huge glut of government debt has not stopped a sharp rise in its pr
10、ice.注（1）：本文选自Economist；12/4/2022， p76-76， 1/3p；注（2）：本文习题命题仿照2022年真题text 4第3题（1），2022年真题text 4第2题（2），text 1第2题（3），2022年真题text 2第2题（4）和text 5第3题（5）；1.In economists eyes， gold is something_.A they look down uponB that can be exchanged in the marketC worth peoples reverenceD that should be replaced by o
11、ther forms of money2.According to the author， one of the reasons for the rising of gold price is_.A the increasing demand for goldB the depreciation of the euroC the link between the dollar and goldD the increment of the value of the dollar3.We can infer from the third paragraph that_.A the decline
12、of the dollar is inevitableB America benefits from the depreciation of the dollarC the depreciation of the dollar is good news to other currenciesD investment in the dollar yields more returns than that in gold4. The phrase “ripped up” （Line 1， Paragraph 5） most probably means_.A strengthenedB broad
13、enedC renegotiatedD torn up5.According to the passage， the rise of gold price_.A will not last longB will attract some central banks to sell goldC will impel central banks to switch into paper moneyD will lead to a dollar crisis答案：B A B D B篇章剖析本篇文章采纳了提出问题-分析问题的模式，分析了金价上涨，美元下跌的经济态势。第一段说明黄金是一种商品；其次段分析
14、了金价上涨的缘由：金价的上涨反映了需求的增加以及计价单位的贬值；第三段美元下跌的缘由；第四段分析了各国央行的反响；最终一段对金价连续上扬可能带来的影响进展了分析。词汇解释reverence： 5revErEns n. 崇敬，敬重millennia： mIlenIE n. millennium的复数soaring： 5sC：riN adj. 剧增的；上升到明显高于正常水平的troy ounce： n. 金衡制盎司， 金衡denominate： di5nCmineit v. 以面值发行以某种给定的货币单位发行或表达euro： jJErEJ n. 欧元depreciation： dIpri：FI5e
15、IF（E）n n. 跌价；贬值bull： bul n. 买空；（做）多头stink： stiNk v. 发出臭味longish： 5lRNIF adj. 相当长的rally： 5rAli n. （行情、价格等）跌后复升greenback： ri：nbAk n. 美钞tonne： tQn n. 公吨（=1，000公斤或称 metric ton）rip up： 斯毁；取消overhang： 5EuvE5hAN n. 突出量难句突破At the margin， extra demand has come from those who think dollarsindeed any money backed by nothing more than promises to keep inflation lowa decidedly risky investment， mainly
