Argument: Reduction in demand for gold bars has reduced the price of Gold. This is opposite to the trend seen during festive seasons where gold ornaments have a high demand which leads to an increased demand of gold bars.

Inferences:

I) It is believed that the demand for gold bars generally increases during festive season.

II) Demand for gold bars and gold ornaments is unrelated.

Options:

A) Only Inference I can be inferred
B) Only Inference II can be inferred
C) Either Inference I or II can be inferred
D) Neither Inference I nor II can be inferred
E) Both Inference I and II can be inferred