Advertisement
Canada markets open in 3 hours 32 minutes
  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CAD/USD

    0.7269
    +0.0005 (+0.07%)
     
  • CRUDE OIL

    83.18
    +0.45 (+0.54%)
     
  • Bitcoin CAD

    89,262.89
    +4,527.89 (+5.34%)
     
  • CMC Crypto 200

    1,332.62
    +20.00 (+1.55%)
     
  • GOLD FUTURES

    2,398.40
    +0.40 (+0.02%)
     
  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     
  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     
  • NASDAQ futures

    17,440.25
    -107.00 (-0.61%)
     
  • VOLATILITY

    19.48
    +1.48 (+8.22%)
     
  • FTSE

    7,834.23
    -42.82 (-0.54%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • CAD/EUR

    0.6816
    -0.0005 (-0.07%)
     

How Have Miners’ Correlations with Gold Been Moving in 2018?

How Have Miners’ Correlations with Gold Been Moving in 2018?

In this part of our series, we’ll be looking at the correlation between gold and four mining stocks: New Gold (NGD), Newmont Mining (NEM), Franco-Nevada (FNV), and Randgold Resources (GOLD). Mining stocks mostly move with gold prices but not always. Mining stocks have high correlations with gold. The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) also tend to have strong correlations with gold.