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.
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. - 
Listen To The Story
Marketplace

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.

 

As a nonprofit news organization, Marketplace is on a mission that drives what we do every day: to increase economic intelligence across the country. But we can’t do it alone. Become a Marketplace Investor today, in whatever amount you choose, and your donation will go twice as far, thanks to a dollar-for-dollar match from The Kendeda Fund.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Paddy Hirsch at @paddyhirsch