US Stock Market Move | Gold sector declines, spot gold drops more than 1.9% intraday.

On Friday, the U.S. stock market continued the sharp decline pattern from yesterday, with all assets being indiscriminately sold off. Spot gold touched down to $3053 per ounce, dropping 1.94% intraday, dragging down the gold sector. As of the time of writing, Gold Fields Limited Sponsored ADR (GFI.US) fell over 10%, Royal Gold, Inc. (RGLD.US) fell over 4.5%, Barrick Gold Corporation (GOLD.US) fell over 7%, and Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) fell nearly 10%.