Gold set for biggest annual loss in 32 years

Gold fell 1 percent in thin holiday trade on Monday, heading for its biggest annual loss in more than three decades at nearly 30 percent, as rising appetite for risk and the prospect of a global recovery stole its shine.

Prior to 2013, gold had seen 12 straight years of growth, according to Fox News.

This year, prices have dropped because of the U.S. central bank's decision to rein in its monetary stimulus, the report said.

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