Movement Alert|Anglogold Ashanti Falls 3.38% in Pre-Market Trading, Gold Sector Under Broad Pressure as Prices Retreat from $4,500

Market Focus
Sep 04

On September 4, Anglogold Ashanti fell 3.38% in pre-market trading, at $108.07/share, with turnover of $1.2149 million. The gold mining sector came under broad selling pressure, giving back a significant portion of the prior session's gains.

On the news front, spot gold failed to hold above the key $4,500/oz level and pulled back, with the U.S. dollar recovering modestly. The retreat comes amid lingering uncertainty over the Federal Reserve's September policy decision. While Fed Governor Waller's remarks on September 3 — indicating a preference to hold rates steady if inflation data cooperates — had briefly cooled rate-hike expectations and lifted gold stocks, the market remains on edge ahead of the upcoming August CPI release, which Waller described as pivotal for his policy stance. The probability of a September rate hike currently hovers around 50%, keeping precious metals vulnerable to further swings.

Within the Gold sector, the overall sector is under pressure. Among individual stocks, Coeur Mining down 4.34%, Agnico Eagle Mines down 3.21%, Newmont Mining down 3.17%, Barrick Mining Corporation down 2.93%, Wheaton Precious Metals down 2.60%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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