The selloff in gold and silver had been anticipated to some degree given the surge in prices. Both metals soared 8.92% and 28.72% in April, respectively, and many traders had been looking for an overbought correction.
Kinross Gold (KGC) stock is falling Friday afternoon as gold prices retreat on a stronger dollar.
Gold was advancing on Thursday following the Fed's July minutes, positively impacting Kinross Gold (KGC) stock.
Kinross Gold (KGC) stock is down on Monday afternoon even though gold prices are getting a lift from a weaker dollar and lower expectations for an interest rate increase.
Kinross Gold (KGC) stock fell alongside gold prices on Friday.