Anglogold Ashanti PLC ( (AU) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Anglogold Ashanti PLC shares are climbing as investors react to stronger expectations for gold and silver prices and growing demand from large institutions. Scotiabank has raised its outlook for the company after lifting its gold and silver price forecasts, pointing to economic and geopolitical uncertainty and ongoing central bank buying of precious metals. At the same time, reports of higher analyst targets and increased institutional interest are adding to the stock’s momentum, reinforcing a more upbeat near-term view for Anglogold Ashanti’s share price.
More about Anglogold Ashanti PLC
YTD Price Performance: 24.60%
Average Trading Volume: 2,724,772
Technical Sentiment Signal: Buy
Current Market Cap: $53.65B
For further insights into AU stock on TipRanks’ Stock Analysis page.
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