Precious metals miners sink as gold and silver prices tumble

Gold fell 6% to $4,215/oz, dropping to its lowest level in over three months and wiping out gains since early December; silver also hit three-month lows. Precious-metals miners' shares fell further on the pullback, signaling sector-level weakness and a risk-off shift for commodity-focused positions.

Analysis

Gold fell 6% to $4,215/oz, dropping to its lowest level in over three months and wiping out gains since early December; silver also hit three-month lows. Precious-metals miners' shares fell further on the pullback, signaling sector-level weakness and a risk-off shift for commodity-focused positions.