AngloGold Ashanti is trading 6.56% down at $92.53, with gold’s sharp decline amid inflation concerns and expectations of further Federal Reserve rate hikes the clearest identified pressure.
- Reuters reported on September 28 that rising oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve rate hikes, weighing on bullion.
- Supplied market context also cites renewed oil-price rises and elevated Treasury yields.
- No clear company-specific announcement explaining the move was found.