However gold's best days are still in front of it, the inaugural ResourceStocks conference in Sydney was told today.
Gold was trading around $1,294/oz on the spot market at the time of writing.
Unsurprisingly, gold equities have been affected by the precious metal's slide.
On the S&P/TSX Composite Index yesterday, the metals and mining was down 1.47% with the gold patch worst hit, down 1.77%.
West African-focused gold miner SEMAFO (TSX: SMF) fell the most, down 4.57% and Yamana Gold (TSX: YRI) dropped 3.73%.
Endeavour Mining (TSX: EDV) was the best of the four companies on the gold list managing a gain yesterday, with a slight rise of 0.74%.
On London's FTSE100, precious metals miner Fresnillo (LSE: FRES) down 3.38% as the metals and mining sector lost 0.97%.
Australia's gold sector followed suit today, down about 1.7% in afternoon trade while the diversifieds on the S&P/ASX200 were up around 1% collectively.
Gold producers Newcrest Mining (ASX: NCM) and Resolute Mining (ASX: RSG) were both down more than 2% at the time of writing.
