Gold Records Biggest Weekly Decline in Two Months

Gold prices plunged on Friday, ending the week with the biggest losses in about two months.

Gold futures for February delivery declined by $23.10, or 1.3%, to settle at $1,788.10 per ounce.

Meanwhile, gold futures for December delivery finished lower by $23.60, or 1.3%, to close at $1,781.90 per ounce.

On a weekly basis, gold futures dropped by more than 4%, which is its biggest weekly decline since the week that ended on September 25.