Statements: The Bank of England's move to auction 25 metric tons of gold drew plenty of bidders looking for a bargain, but was criticised by major gold producers worldwide. Conclusions: The Bank of England should not auction gold which it possesses to keep steady international prices of gold. Bidders should quote higher gold prices to retain present value of gold in the international markets.

• Only conclusion I follows
• Only conclusion II follows
• Either I or II follows
• Neither I nor II follows
• Both I and II follow