Skip to main content

Gold Prices Declining After Largest Weekly Loss in a Month

Gold prices are continuing their move lower after the precious metal suffered its biggest weekly loss in a month.

Gold prices are continuing their decline after the precious metal suffered its largest weekly loss in a month on the Federal Reserve's announcement last Wednesday that it would start scaling back its bond-buying program by $10 billion. Meanwhile, U.S. crude oil futures were declining on Monday amid thin holiday trading after getting a lift last week on signs of improvement in the U.S. economy, including the government's announcement that the U.S. economy grew at the fastest pace since 2011 in the July to September period.

Brittany joined TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

TheStreet Recommends