AuRico Gold Inc

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  • Consumer

    Refinancing deals continue to top the high yield bond scoreboard

    Refinancing deals allow issuers or corporations to raise additional funds to meet maturing debt obligations or to replace existing high-cost debt with a new low-cost debt.

    By Sandra Nathanson
  • Miscellaneous

    How Is the Dollar Affecting Precious Metals?

    Besides ongoing geopolitical concerns, a crucial factor that gold keeps looking to for directional moves is the US dollar.

    By Meera Shawn
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    Miscellaneous

    Why Gold Is Performing Better than Silver

    There has been a significant up-and-down movement in the precious metals since the beginning of 2018.

    By Meera Shawn
  • uploads///Gold and Dollar Fluctuations
    Miscellaneous

    Analyzing Precious Metals: Dollar Had Its Worst Year since 2003

    Although most of the upswing in precious metals has been due to the rise in geopolitical risks in 2017, the dollar has been the most crucial factor.

    By Meera Shawn
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    Miscellaneous

    Why Platinum Led the Precious Metals Pack on December 18

    All four precious metals except palladium witnessed an up day on December 18, 2017. Platinum touched the day’s high of $915.3 and ended up at $913.2 per ounce.

    By Meera Shawn
  • uploads///Gold and Silver Movements
    Basic Materials

    Fed Hikes Interest Rate, Precious Metals Rebound: What’s Ahead?

    Precious metals rebounded after the Fed increased the interest rate on December 13.

    By Meera Shawn
  • uploads///Gold versus US Two and Ten year Rate of Interest
    Basic Materials

    How the Federal Reserve’s Rate Hike Affected Precious Metals

    Precious metals and miners saw some relief on December 13 after the Fed raised rates as expected. Sibanye Gold (SBGL), Aurico Gold (AUQ), and Goldcorp (GG) rose 3.5%, 3.6%, and 5.8%, respectively.

    By Meera Shawn
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    Basic Materials

    How Turbulence in the Market Has Moved Precious Metals

    Often, gold, silver, platinum, and palladium react to the overall risk in the market.

    By Meera Shawn
  • uploads///Gold and Dollar Fluctuations
    Basic Materials

    What Led to a Revival in Precious Metals on Monday?

    All the four precious metals rose on Monday, November 27. Gold futures for December expiration were up 0.55% to close at $1,294.4 an ounce.

    By Meera Shawn
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    Basic Materials

    An Update on the Precious Metals as November Comes to an End

    The US stock markets were closed on Thursday, November 23, 2017, for Thanksgiving, and the next day (Black Friday) was quite slow for precious metals. Gold played in a narrow range that day.

    By Meera Shawn
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    Basic Materials

    Analyzing Gold’s Market Performance

    Besides the impact of interest rates, there are also other global indicators that could play on precious metals—the most important being the US dollar.

    By Meera Shawn
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    Miscellaneous

    Gauging Global Risk against Gold

    All four precious metals rose on Monday, October 30, as multiple speculations in the market gripped investors’ attention.

    By Meera Shawn
  • uploads///gold and inflation
    Miscellaneous

    These 2 Factors Could Significantly Affect Gold

    A crucial factor that could potentially move precious metals is the decision about the next chair of the Federal Reserve.

    By Meera Shawn
  • uploads///Gold and Dollar Fluctuations
    Basic Materials

    These Factors Are Affecting Gold

    Gold, silver, platinum, and palladium have a five-day trailing loss of 0.67%, 0.44%, 1.1%, and 1.5%, respectively.

    By Meera Shawn
  • uploads///Gold and Dollar Fluctuations
    Basic Materials

    Which Elements Impact Precious Metals?

    Gold fell for the third consecutive day on October 18, 2017, as the US dollar regained strength. However, October 19 was an up day for gold and silver.

    By Meera Shawn
  • uploads///Gold and Dollar Fluctuations
    Basic Materials

    What Led to the Slump of Precious Metals on October 2?

    Gold prices slipped for yet another day on Monday, October 2, 2017, as gold saw its lowest close in the last two months.

    By Meera Shawn
  • uploads///Gold versus VIX indicator
    Basic Materials

    How Unrest in Korea Affected Gold

    Gold prices were around their highest level in nearly seven weeks on Monday, July 31.

    By Meera Shawn
  • uploads///Gold and Silver Movements
    Miscellaneous

    Draghi’s Comments and Precious Metals’ Movements

    Precious metals saw an up-day on July 20, 2017, after Mario Draghi said that policymakers would discuss potential changes in the bond-buying program in autumn.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Miscellaneous

    Fed Plays the Interest Rate Hike, Implications on Gold

    Precious metals increased as gold futures for July expiration rose 0.78% and closed at $1,273.6 per ounce. Platinum and palladium were in line with gold.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Miscellaneous

    Gold and Other Precious Metals Fell on May 18

    Gold futures for June expiration fell 0.47% and ended May 18 at $1,252.8 per ounce. The call implied volatility in gold rose to 11.3%.

    By Meera Shawn
  • uploads///Gold Platinum Spread Movement
    Miscellaneous

    Platinum Is the Worst Performer So Far—Reading Its Spread

    The gold-platinum spread was ~1.3 on April 26, 2017. The gold-platinum spread RSI on that day was 59.

    By Meera Shawn
  • uploads///Gold to Silver Ratio
    Macroeconomic Analysis

    Where Is the Gold-Silver Ratio Headed?

    When analyzing the precious metals market, it’s important to take a look at the relationship between gold and silver.

    By Meera Shawn
  • uploads///Gold to Silver Ratio
    Macroeconomic Analysis

    Inside the Gold-Silver Ratio in 2017

    When analyzing the precious metals market, it’s important to take a look at the relationship between gold (IAU) and silver (SLV).

    By Meera Shawn
  • uploads///Gold to Silver Ratio
    Macroeconomic Analysis

    Reading the Ups and Downs of the Gold-Silver Spread

    The gold-silver spread was trading at 68.5 on February 23, 2017. The spread suggests that it took 68.5 ounces of silver to buy a single ounce of gold.

    By Meera Shawn
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    Macroeconomic Analysis

    How Is the Equity Market Impacting Gold?

    Gold enthusiasts seem to be in a fix, as any further movements in the precious metal are currently unclear. The world famous SPDR Gold Shares ETF has risen ~11% in 2017 so far.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    How Strongly Can Interest Rate Hikes Play on Gold?

    Fluctuations in precious metals over the past month have been strongly determined by the FOMC’s decision to increase the interest rate.

    By Meera Shawn
  • uploads///Gold price versus DXY Currency
    Macroeconomic Analysis

    Gold and the Dollar: Opposite Movements in November

    The fall in the price of gold on Monday, December 5, 2016, was partly determined by changes in the US dollar.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    How Closely Will Interest Rates Monitor Gold?

    Gold has fallen more than $120 from its peak on November 9, 2016, following the US elections. The fall suggests optimism for a potential interest rate hike.

    By Meera Shawn
  • uploads///Gold versus VIX indicator
    Macroeconomic Analysis

    A Look at Precious Metals Volatility in the Wake of Trump’s Win

    The volatilities of gold, silver, platinum, and palladium were 20.2%, 30.4%, 19.5%, and 48.4%, respectively, on November 14, 2016.

    By Meera Shawn
  • uploads///Gold Palladium Spread
    Macroeconomic Analysis

    Where Is the Gold-Palladium Spread Headed?

    The gold-palladium spread has seen its ups and downs over the past few months. But the United Kingdom’s Brexit vote resulted in some strength for palladium.

    By Meera Shawn
  • uploads///Front Month Silver Futures  Month Price Evolution
    Macroeconomic Analysis

    Why Did Precious Metals Have a Choppy Week?

    Gold fell for the sixth straight day on October 7, 2016. It fell 0.07% and closed at $1,251.9 per ounce. Last week was choppy for precious metals.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    Will Deutsche Bank’s Doldrums Have a Lasting Effect on Gold?

    Deutsche Bank’s price slumped to a record low after Bloomberg reported that trading clients had withdrawn their excess cash and positions from the lender.

    By Meera Shawn
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    Macroeconomic Analysis

    What’s Next for Gold Investors?

    Gold gave steady returns to investors for the first two months of 2016 as unrest and instability continued in the markets. However, March started with some ups as well as downs for gold.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    Gold at 2-Month High on Safe-Haven Calls

    Gold futures for April delivery rose by approximately 1.4% on Tuesday, January 26, 2016.

    By Meera Shawn
  • uploads///Gold and Oil Prices
    Macroeconomic Analysis

    Oil Is Playing a Game with Gold

    Oil futures rose 9% on Friday, January 22, 216. Oil had plummeted to its 12-year low during the previous week. Risk aversion among investors rightly triggered the haven appeal, which led to a rise in the price of gold.

    By Meera Shawn
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    Macroeconomic Analysis

    Gold and Silver Pulled Back, Platinum and Palladium Rebounded

    The instability in precious metals has been a victim of the rattled global markets. Gold and silver generally rise on days when stocks fall, and they pulled back on days when equities rebounded.

    By Meera Shawn
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    Macroeconomic Analysis

    Palladium Was the Worst Performer at End of December

    Palladium takes the title for worst-performing precious metal in 2015.

    By Meera Shawn
  • uploads///dollar n gold
    Macroeconomic Analysis

    Stronger Dollar, Weaker Gold and Oil

    The fall in the price of gold on Wednesday, December 30, 2015, may most likely be due to weaker oil prices. This weakness extends to the gold markets as well.

    By Meera Shawn
  • uploads///rate hike
    Macroeconomic Analysis

    US May Tighten Its Belt while the Rest of the World Eases Theirs

    A tightening move by the US comes as the rest of world loosens to improve economic activity. For example, the ECB recently eased its rates to pump up the economy.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    Gold Plunges as Janet Yellen Indicates a Liftoff

    Janet Yellen suggested that the US economy is on track for recovery since the financial crisis of 2008 and that inflation expectations also looked firmer.

    By Meera Shawn
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    Macroeconomic Analysis

    How the Fed Interest Rate Hike Is Expected to Affect Gold Prices

    The Fed rate hike has been a major driver for gold prices since mid-2015. Higher interest rates usually diminish gold’s appeal due to its non–interest yielding nature.

    By Anuradha Garg
  • uploads///Platinum and Palladium Prices
    Macroeconomic Analysis

    Platinum Touched Fresh 10-Year Lows on November 24

    Platinum closed 0.67% lower on November 24, the only precious metal ending the day on a down note. Platinum settled at $841.70 an ounce, its lowest closing in almost ten years.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    Why Did Gold Speculators Turn Bearish?

    With the great downfall seen in the prices of precious metals, investors now seem set to cut down their long positions, especially on gold.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    Gold Continues Its Losing Streak: What It Means for Investors

    Gold has been following an ongoing losing streak for the past four days. Gold fell lower on Tuesday, November 3, 2015. It gave up 1.9% of its price.

    By Meera Shawn
  • uploads///Gold and DXY
    Macroeconomic Analysis

    A Deeper Look at Demand from China

    Gold demand in China saw a rise in 3Q15. However, the demand was small enough that its position as the leader in demand for gold was overtaken by India.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    Bullions End the Day Positive as the Fed Eyes December

    Gold futures for December delivery trading on COMEX rose on Wednesday. They touched a high of $1,183.10 per ounce. It’s the highest level in about a week.

    By Meera Shawn
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    Company & Industry Overviews

    Will Mergers and Acquisitions in the Gold Space Gain Pace?

    Many intermediate and senior gold producers have declining production profiles. Mergers and acquisitions are thus expected to pick up in the coming months and quarters.

    By Anuradha Garg
  • uploads///Alamos merger
    Company & Industry Overviews

    Mr. Market Is Happy about the 2Q15 Alamos-AuRico Merger

    The Alamos-AuRico merger rationale is to create a significant mid-tier producer that can withstand the ongoing low gold prices. Cost synergies will help lower costs.

    By Anuradha Garg
  • uploads///EGO
    Macroeconomic Analysis

    Greece Halts Eldorado Gold’s Mining Activity

    Eldorado Gold (EGO) is based in Vancouver. It had to temporarily stop its mining activities at Skouries and part of its operations in Olympiada, Greece.

    By Meera Shawn
  • uploads///gold demand
    Macroeconomic Analysis

    World Gold Council Reports Global Calls on Gold

    According to the World Gold Council, 2Q15’s gold demand plummeted by 12% since 2Q14. The demand stands at 914.9 tons for 2Q15, a six-year low, as demand in 2Q14 stood at 1,038 tons.

    By Meera Shawn
  • uploads///Real interest rate
    Macroeconomic Analysis

    Declining US Real Interest Rates Affect Gold

    Gold prices have an inverse relationship with real interest rates. As a result, decreasing real interest rates are positive for gold prices and gold-backed ETFs.

    By Anuradha Garg
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    Macroeconomic Analysis

    Gold Loses Its Sheen as the US Dollar Strengthens

    Dollar-denominated assets, including gold, are influenced by the dollar’s strength. A strong US dollar is negative for gold and vice versa.

    By Anuradha Garg
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    Macroeconomic Analysis

    US Dollar Rises on the Strength of Recent US Economic Data

    In the week ending June 26, the US Dollar Index rose by 0.8%. A strong US dollar is negative for gold and vice versa.

    By Anuradha Garg
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    Macroeconomic Analysis

    Why the Softer US Dollar Isn’t Translating into Gains for Gold

    Up until March the year, the US dollar had gained close to 26% since its bull run started in July 2014. On March 13, it reached a peak of 100.3.

    By Anuradha Garg
  • uploads///US dollar index
    Macroeconomic Analysis

    A Weaker US Dollar Leads to Gold Price Gains

    A stronger US dollar makes dollar-denominated gold more expensive for holders of other currencies. It also diminishes gold’s appeal as a hedge.

    By Anuradha Garg
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    Macroeconomic Analysis

    US Real Interest Rates Are Inching Up

    The three-month US real interest rates have been increasing in recent months. The rates hit an eight-week high of 2.25% on May 6.

    By Anuradha Garg
  • uploads///Inflation expectations
    Macroeconomic Analysis

    US Inflation Expectations Fall Back in April

    Lower inflation expectation is negative for gold since it’s considered an inflation hedge. But inflation below the Fed’s expectation could be positive for gold.

    By Anuradha Garg
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    Macroeconomic Analysis

    Jobless Claims Inching Up in April: Is It Positive for Gold?

    The Fed is closely watching jobless claims data. Any weakness in the labor market may defer the Fed rate hike. This positively impacts gold-backed ETFs.

    By Anuradha Garg
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