KL - Gold miners sink in metal's sharpest daily drop in nearly six weeks

Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales. December Comex gold (XAUUSD:CUR) -2% to $1,758/oz., which would mark the steepest daily decline for bullion since August 6, and December silver (XAGUSD:CUR) -4.1% to $22.82/oz., on track for its lowest finish YTD. ETFs: GLD, GDX, NUGT, SIL, GGN, DUST, AGQ, USLVF, SLVP, UGLDF Among major precious metals miners: NEM -4.5%, GOLD -4.7%, KGC -6.6%, AEM -4.2%, IAG -7.4%, AUY -4.9%, AEM -4.3%, EGO -3.7%, KL -5.1%, AU -5.8%, HMY -7.5%, GFI -7.4%. Gold "experienced a quick and sudden chain reaction" as robust economic data exceeded expectations by a lot, Wolfpack Capital's Jeff Wright tells MarketWatch, noting U.S. jobless claims were slightly higher but "in a meaningful way to offset strength" of retail spending data, which caused 10-year

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Gold, miners sink in metal's sharpest daily drop in nearly six weeks