Gold Stocks Plummeting Amid Widespread Selling

Gold stocks are moving notably lower in late-morning trading on Friday as part of a broad market sell-off, with the weakness in the gold sector coming amid a downturn by the price of the precious metal.

The selling among gold stocks is contributing to a 2.9 percent loss by the NYSE Arca Gold Bugs Index. The decline has the index on pace for a six-week closing low.