Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6501
    +0.0001 (+0.02%)
     
  • OIL

    82.74
    -0.07 (-0.08%)
     
  • GOLD

    2,330.20
    -8.20 (-0.35%)
     
  • Bitcoin AUD

    99,318.12
    -3,001.47 (-2.93%)
     
  • CMC Crypto 200

    1,390.38
    -33.72 (-2.37%)
     
  • AUD/EUR

    0.6073
    +0.0002 (+0.04%)
     
  • AUD/NZD

    1.0945
    +0.0003 (+0.03%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • NIKKEI 225

    37,986.39
    -473.69 (-1.23%)
     

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.