Gold prices record their biggest-ever weekly dollar decline

Front-month gold futures fell Friday after losing $220.40 an ounce this week, the largest weekly dollar drop on record, closing at $4,314.40.

Gold prices opened 2026 lower after a strong 2025. Front-month futures fell on Friday, following the largest weekly dollar drop on record. The week saw front-month contracts fall $220.40 to end at $4,314.40. The decline ended a three-week winning streak. Key points: - Front-month futures lost $220.40 this week to close at $4,314.40. - The drop was the largest weekly decline in dollar terms on record and amounted to a 4.9% fall, the biggest percentage drop since June 2021. - The article mentions Wall Street forecasters are mixed: some point to central banks and potential demand if rates fall, while others note easing inflation concerns and potential increases in selling from holders and miners. Summary: The move interrupted a recent rally and underscores volatility at elevated price levels. Market views vary among industry participants about the outlook. Undetermined at this time.