🔴 AngloGold Ashanti is trading 6.8% down in pre-market as gold falls on rate concerns

AngloGold Ashanti is trading 6.8% down now at $92.28 as gold fell sharply amid renewed inflation and interest-rate concerns.

• Reuters reported spot gold down 1.5% at $4,223.95 per ounce on September 28; rising oil prices reinforced expectations of further Federal Reserve rate hikes.
• No new company-specific explanation surfaced. Recent company news—a director appointment and a Nevada project visit—was announced September 25.
• The broader market is softer, but gold’s decline is the clearest relevant sector catalyst.