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Gold Miners Follow Gold Downward

Annie Gilroy
Gold Miners Follow Gold Downward

Along with gold, gold stocks fell yesterday. Gold stocks usually act as a leveraged play on gold prices. While gold prices (GLD) fell 0.4% yesterday, the VanEck Vectors Gold Miners ETF (GDX) fell 0.8%. The losses were led by Eldorado Gold (EGO), New Gold (NGD), Goldcorp (GG), and IAMGOLD (IAG), which