Gold Stocks Pare Gains, GDX Drops 12.4% in September

Gold stocks pared their gains Friday afternoon, as the Market Vectors Gold Miners ETF (GDX) settled higher by just $0.16, or 0.3% at $55.19 per share. The GDX – comprised of many of the world’s largest gold stocks – had been as high as $56.58 this morning, but relinquished the large majority of its rally as the broader equity markets tumbled.
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Gold Futures Post 11.0% Monthly Loss, But 8.5% Gain in Q3

Gold capped off its worst month since the depths of the 2008 financial crisis on a slightly positive note.

COMEX gold futures, per the December contract, advanced $5.00, or 0.3%, to $1,622.30 per ounce.  In doing so, the yellow metal cut its loss in Septmeber to 11.0% – its worst month since a 17.4% plunge in October 2008.
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