Gold Miners ETF Drops In Heavy Volume To 2 Week Low

The VanEck Vectors Gold Miners ETF dropped 2.4% in active premarket trade Wednesday toward a two-week low, tracking the selloff in gold futures . Volume 1.8 million shares was enough to make the ETF the most-active stock in the premarket session. The ETF has plateaued within a relatively narrow range over the past couple weeks, with several intraday lows between $29.35 to $29.43 and several highs between $30.63 and a more than three-year high of $30.73. The ETF appears to have broken through chart support with its slide below $29 ahead of the open.