AngloGold Ashanti is trading at $89.68 (+10.03%) after gold prices surged above $4,130 an ounce following a de-escalation of tensions in the Strait of Hormuz.
- The rally tracks a broader risk-on tape, with materials and gold-linked equities benefiting from improved market sentiment.
- Investors are increasingly pricing in lower inflation and reduced pressure for further Federal Reserve tightening.