Gold’s Volatility Jolts Investors Who Drove Miner Stocks Higher
Gold mining stocks continued to sell off Wednesday as investors take profits amid a two-day slump in spot gold prices.
Shares of miners like Newmont Corp., Agnico Eagle Mines Ltd. and Barrick Mining Corp. all sank as much over 3% Wednesday after falling around 9% on Tuesday. If those losses hold, the three miners will have unwinded weeks of advances.