Gold shares headed south alongside the yellow metal on Friday after the January U.S

Gold shares headed south alongside the yellow metal on Friday after the January U.S. employment report came in far above expectations.  The Market Vectors Gold Miners ETF (GDX) – the leading gold sector ETF – dropped 1.7% to $56.50 per share in afternoon trading while COMEX gold futures slid 1.1% to $1,739.70 per ounce.  With the sell-off, the GDX turned negative for the week by 1.3%, but remains higher by 9.9% on a year-to-date basis.

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