Gold Fields (NYSE:GFI), AngloGold Ashanti (NYSE:AU) Continue Plunge

South African miners Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU) continued their plunge, along with the prices of gold today, as the gold correction continues, and investors put their money into what they consider safer investments.

Many investors have also been taking profits from the recent soaring gold prices, as well as the shorts have been betting against it, pushing down prices even more.

In New York, Anglogold was donw 3.72 percent of $1.52 with volume at 3,167,022, far above its 3-month average of 1,978,980.

Gold Fields ended the session down 2.62 percent, or $0.34, also in New York.

Volume on the day was 9,511,019, up from their three month average of 6,013,870.