But in nineteen seventy-eight the International Monetary Fund ended an official gold price.

但是在1978年，国际货币基金组织结束了官方黄金价格。

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Nowadays the price of gold is set by the market rather than by official diktat. When explaining shifts in the bullion market people tend to think in terms of supply and demand.

现在黄金不再由官方定价，改由市场定价，黄金市场价格的变动也就常被认为是由供需关系引起。

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Nowadays the price of gold is set by the market rather than by official diktat.

今时今日，黄金的价格是由市场来决定，而不是由官方定价。

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It also creates the potential for the Fed to (mistakenly) provide opportunities for arbitrage between the official gold price and the interest rates set by the central bank.

FORBES: Stop The Madness: Make The Dollar As Good As Gold

The actual Bretton Woods system failed because the Fed did not manage the size of the monetary base so as to keep the free market price of gold equal to the official price.

FORBES: Stop The Madness: Make The Dollar As Good As Gold

The first is that the price of gold has been rising even though official inflation is low.

ECONOMIST: Economics focus: Heading for a fall, by fiat? | The