Gold miners will be watched closely today after gold prices, which had dropped sharply in the...

|By:, SA News Editor

Gold miners will be watched closely today after gold prices, which had dropped sharply in the wake of strong U.S. economic data yesterday (I, II), pared some overnight losses after U.S. Q1 GDP was revised lower. GDX -3.5% premarket, as major gold ETFs saw outflows of 23.3 tons yesterday, their biggest daily outflow since mid-April. AUY -5%, GFI -5%, AU -4.8%, GOLD -4%, ABX -3.9%, EGO -3.7%, GG -3.5%, KGC -3.5%, NEM -3%.