Advertisement
Canada markets close in 2 hours 14 minutes
  • S&P/TSX

    22,313.22
    +53.75 (+0.24%)
     
  • S&P 500

    5,195.66
    +14.92 (+0.29%)
     
  • DOW

    38,919.29
    +67.02 (+0.17%)
     
  • CAD/USD

    0.7289
    -0.0032 (-0.44%)
     
  • CRUDE OIL

    78.94
    +0.46 (+0.59%)
     
  • Bitcoin CAD

    87,072.55
    +631.12 (+0.73%)
     
  • CMC Crypto 200

    1,314.91
    -50.21 (-3.68%)
     
  • GOLD FUTURES

    2,325.40
    -5.80 (-0.25%)
     
  • RUSSELL 2000

    2,075.32
    +14.65 (+0.71%)
     
  • 10-Yr Bond

    4.4430
    -0.0460 (-1.02%)
     
  • NASDAQ

    16,378.25
    +29.00 (+0.18%)
     
  • VOLATILITY

    13.36
    -0.13 (-0.96%)
     
  • FTSE

    8,313.67
    +100.18 (+1.22%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • CAD/EUR

    0.6769
    -0.0023 (-0.34%)
     

A Few Miners and Their Lower Correlations to Gold

A Few Miners and Their Lower Correlations to Gold

In this part of our series, we’ll be looking at the correlation of gold to four mining stocks: AngloGold Ashanti (AU), Hecla Mining (HL), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining stocks mostly move with gold prices but not always. Among these four miners, AngloGold has shown the highest correlation to gold, while Eldorado Gold has had a negative correlation to gold on a YTD (year-to-date) basis.