AngloGold (AU) (ABX) (GFI) (UXG) Down with Broader Commodities

Gold prices fell Tuesday after jumping recently, as oil prices fell, dragging commodities in general down with them. Gold miners like AngloGold Ashanti (NYSE:AU), Barrick Gold (NYSE:ABX), Gold Fields (NYSE:GFI) and US Gold (AMEX:UXG) all closed down on the day

Gold for June delivery fell $14.50, or 1%, to $1,453.60 an ounce on the Comex division of the New York Mercantile Exchange. It had traded as low as $1,445 an ounce.

Weak news was enough to push the price of gold and gold miners down, as the market seemed to be looking for any excuse for gold prices to correct. The U.S. dollar fell again, making the downward move even more counterintuitive to the fundamentals.

Larger gold miners weren't hit quite as hard as their smaller counterparts in yesterday's session.

US Gold closed Tuesday at $8.77, down $0.29, or 3.20 percent. Gold Fields closed at $17.98, falling $0.16, or 0.88 percent. Barrick Gold ended the session at $52.34, declining $0.74, or 1.39 percent. AngloGold closed at $48.93, dropping $0.32, or 0.65 percent.