Gold

Diane Swonk, chief economist with Mesirow Financial, explains why commodity prices are falling and how the U.S. economy could benefit.

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.

Diane Swonk, chief economist with Mesirow Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss the drop off in gold prices and whether there is such a thing as a safe haven anymore.

Arizona is deciding whether to start making gold and silver legal tender, just after Utah made the move. You won't be paying for groceries in gold coins, but how will it work?

India is the world's largest gold importer. The government hiked import taxes on gold to control the outward flow of cash, but for weddings, the lure of the yellow metal is not fading.

Gold’s popularity has created growing demand for storage. Gold vaults are spreading from Switzerland to Singapore, as investors want their holdings closer to home.

There are plenty of so-called "gold bugs" out there -- people who hoard big chunks of the precious metal, as in actual gold.

Germany stores $80 billion in gold in New York. Some in Germany are clamoring to inspect it and possibly bring it back to Europe.