AngloGold Ashanti is trading 8.2% up at $88.18 today, driven by a sharp rise in gold prices.
- Gold surged above $4,130 an ounce, climbing for the third consecutive day as hopes for a Strait of Hormuz deal eased inflation fears, trimming perceived odds of further Federal Reserve tightening.
- This broader market uplift for gold and gold mining shares follows recent positive sentiment, with UBS notably naming AngloGold as its second choice among gold miners just days prior.