Gold Miners Hit Session Lows Following Fed (NEM) (GG) (ABX) (GLD) (GDX)

Gold mining stocks including Goldcorp (NYSE: GG), Newmont Mining (NYSE: NEM), and Barrick Gold (NYSE: ABX) tumbled Wednesday as gold prices softened in response to a statement from the FOMC and an end to QE. Yamana (NYSE: AUY), Kinross Gold (NYSE: KGC) Silver Wheaon (NYSE: SLW), and Alamos Gold (NYSE: AGI) also declined

Spot gold prices and instruments like SPDR Gold Shares (NYSE: GLD) traded lower by about 1.25% for the session. Market Vectors Gold Miners ETF (NYSE: GDX) declined about 3% intraday and Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) dropped over 5%.

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