The wood block has a density lower than 1.0 g/cm3 and the gold block has a density greater than 1.0 g/cm3.
Density is defined as mass per unit area. It is ratio of the mass of a body to its density.
If an object is less dense than water then it floats in water if the object is denser than water then it sinks in water.
Given that the piece of wood floated in the water while the piece of gold sank in the water, we can conclude that; the wood block has a density lower than 1.0 g/cm3 and the gold block has a density greater than 1.0 g/cm3.
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