Gold stocks slide as gold price pulls back; Newmont, GDX drop with U.S. payrolls ahead
Gold stocks fell Wednesday as spot gold dropped 1% to $4,452.97 an ounce, with Newmont down 3.1% and VanEck Gold Miners ETF off 3.7%. The pullback followed weaker-than-expected U.S. private payroll data and a firmer dollar. Investors await Friday’s U.S. jobs report for signals on interest rates.