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Market Extra: Going for gold: Olympic triumphs literally losing value at Rio Games

Olympic athletes fighting hard for victory in Rio de Janeiro may not pay any attention to commodity prices, but maybe they should. Because the sportsmen and sportswomen in the top positions on the medal platforms will find their accomplishments aren’t nearly as treasured as was the case four years ago — literally speaking.

Since the games in 2012 in London, the prices of gold GCZ6, -0.21% and silver SIU6, -0.34% have slumped 17% and 28%, respectively, shaving off a significant chunk of the intrinsic value of Olympic medals.

Opening ceremony in Rio capped by fireworks

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Fireworks were launched from the rooflines of from Maracanã Stadium in Rio de Janeiro on Friday night.

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