NUGT - Gold dives in response to Friday's jobs reports and these ETFs are sinking alongside it

Gold took a sharp downturn Friday following release of the strong July U.S. jobs report, and here's a look at the key gold-related ETFs that fell along with it. July jobs growth of +943K beat out estimates of +900K, news that almost instantly sent gold dropping 2.5%. The precious metal quickly dipped under the $1,800/ounce mark to reach $1,760: Here's a look at major gold ETFs that fell in response, along with an inverse ETF that actually rallied: Gold-Mining ETFs The VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) has felt the pressure Friday, as the fund is -2.60% on the day and -4.89% YTD. The fund seeks to invest in companies operating across materials, metals and mining, gold and silver sectors. GDX has nearly $15B in assets under management and comes with an expense ratio of 0.51%. Other ETFs in the gold-mining sector include the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) which is down 2.14% on the

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Gold dives in response to Friday’s jobs reports, and these ETFs are sinking alongside it