AngloGold Ashanti is trading 4.12% down at $87.87, in a move consistent with macro pressure on gold after hotter-than-expected September U.S. inflation lifted rate-hike expectations and Treasury yields.
- Gold fell more than 1% as higher rates and a stronger dollar weighed on bullion and pressured gold-mining shares.
- No fresh company-specific catalyst explaining the October 14 decline was identified; the move is most consistent with macro pressure on the gold sector.