Money Matters

How does the falling price of gold affect you?

Paddy Hirsch Apr 17, 2013
HTML EMBED:
COPY
After a dazzling rise to more than $1,900 an ounce, the yellow metal has clearly lost its luster. The price of bullion has slumped by 10 percent since the end of last week, down to $1,420 an ounce. SAM PANTHAKY/AFP/Getty Images
Money Matters

How does the falling price of gold affect you?

Paddy Hirsch Apr 17, 2013
After a dazzling rise to more than $1,900 an ounce, the yellow metal has clearly lost its luster. The price of bullion has slumped by 10 percent since the end of last week, down to $1,420 an ounce. SAM PANTHAKY/AFP/Getty Images
HTML EMBED:
COPY

Gold prices are down again this morning, after falling by more than 10 percent since Friday — its biggest drop in 30 years. Oil prices are also lower.

But how do these drops in commodity prices affect your wallet?

Marketplace’s Senior Producer of personal finance Paddy Hirsch joins Morning Report Host Jeremy Hobson to explain.

 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.