Gold Goes Out With A Drubbing

It's the final day of the year, and gold is getting slammed.

The metal is trading at $1187 an ounce, down 1.4% from yesterday's closing price. Monday was a tough session too - gold fell 1.4% on that day as well.

The gold price has fallen 29.1% in the year to date - the biggest yearly drop since 1981 - making it among the worst performing of major asset classes in 2013.

Now, it's hovering just above the low of $1179.40 struck at the culmination of a major crash in June. Earlier this morning, it fell as low as $1181.40.