** Market Vectors Gold Miners ETF fell 4.9 pct intraday - if price holds it will be the fund’s all-time low closing price
** The fund - which includes shares of Newmont Mining Corp , Barrick Gold Corp and Goldcorp Inc - sank even as gold prices largely held up after data showing weak economic growth in China prompted speculation Beijing will boost stimulus
** U.S. gold for February delivery edged a bit lower during a volatile trading session, while the spot price was at 1089.76 after trading as low as 1082.61 in the late morning New York time.
** Over 1 yr, GDX’s price has fallen 43.3 pct
** Even before the selloff today, investors have taken a 44 percent drop in gold prices and 70 percent slump in stock values since 2011
** Gold slid 10 pct last yr on fears that higher U.S. interest rates would lower demand for the non-interest-paying asset and continued U.S. dollar strength caps gold’s upside
** Weak physical demand from top gold consumers China and India has also limited gold’s upside potential, analysts said, with Chinese consumer spending dented by its slowing economy