Business
Gold Prices Suffer Their Biggest-Ever Weekly Decline
Gold prices, which shot up 65% last year, are starting off 2026 the same way they ended 2025: falling.
Gold futures declined Friday, adding to the sharpest weekly drop on record in dollar terms for the precious metal. Front-month futures shed $220.40 a troy ounce this week to end at $4,314.40. That breaks a three-week winning streak and shows how much of a high-stakes gambit precious-metals trading has become lately at such lofty prices—especially for the individual investors who have piled in.
It was only two years ago that gold prices would have had to tumble more than 10% to amount to a $220 weekly loss. This week’s drop was 4.9%, the worst since June 2021 in percentage terms.
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