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Stock impact report

Why Gold Stocks Plummeted Today [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
Yet that sure wasn't much in evidence on Monday, as the price of the precious metal swooned, followed by those of gold stocks A great many titles in the sector posted uncomfortable price declines across the day's trading session. When the market closed, Gold Fields (NYSE: GFI) and Iamgold (NYSE: IAG) had both fallen by more than 8%. AngloGold Ashanti (NYSE: AU) and Harmony Gold Mining (NYSE: HMY) , meanwhile, were a bit deeper in the red with declines around 9%. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Although the gold price was getting battered that day, it wasn't exactly a reversal from previous sessions. The metal hit an all-time high on Oct. 30, and since then it's been in retreat for the most part. There are several reasons for this. As ever when an asset rises notably, many investors are tempted to sell it in the hope of getting out at or near a peak. This was likely happening with gold, and this can lea Show less Read more
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