A Gold Ring Cannot Sit on the Surface of Water

A gold ring cannot sit on the surface of water, but a thin gold wire loop of the same diameter can. Why?

A) The gold ring applies a much greater pressure against the surface of the water so that it is able to push through the surface tension.
B) The surface area of contact is the same, but the weight of the gold ring is much greater.
C) The thin gold wire is far less dense than the gold ring, which allows it to float.
D) Both A and B are true.