00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gold prices continued to decline on Wednesday,
00:04extending the previous day's steep losses, according to Barron's.
00:07The most active gold futures contract fell 0.4% to $4,092 an ounce
00:12after Tuesday's 5.7% plunge, the largest drop in over a decade.
00:17Newmont shares slid 2.9% pre-market after falling 9% the day before.
00:22Toyota Bank's Henry Allen said the retreat looked like a classic pullback
00:25following a prolonged rally,
00:26and it gold remains on track for its best year since 1979.
00:31Analysts say central bank buying and lower rate expectations
00:33could keep supporting prices despite profit-taking.
00:36For all things money, visit Benzinga.com.
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