Gold for February delivery was falling 1.3% to $1,180.50 an ounce on the COMEX on Monday afternoon.
The precious metal is trading below $1,200 an ounce after the gauge of 60-day historical volatility reached 18.1 on Dec. 16, its highest level since Jan. 10, according to Bloomberg.
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"The overall environment is very negative for gold," Phil Streible, a senior commodity broker at R.J. O'Brien & Associates told the publication, adding that the market will remain volatile in the next two weeks as trading will be "very thin."
TheStreet Ratings team rates AURICO GOLD INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate AURICO GOLD INC (AUQ) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself."