Gold prices were plummeting on Monday with the futures contract down 6%, or around $90 to $1,412 an ounce.
On Friday, the price of gold plunged 5% to $1,487 an ounce.
Analysts attributed last week's plunge to investors who fear gold won't be the safe haven it has been when inflation spikes, the economy deteriorates or the sale of gold to raise cash skyrockets.
As recently as mid-September, gold prices were flying above $1,800 an ounce.
A slowdown in Chinese economic growth added to doubts about the strength of the world economy.
Oil was also seeing steep declines on Monday. Crude-oil futures for May delivery fell over 3% to $88.38 per barrel.
