Crypto and Gold Miners Sell-Off as Hot Jobs Data Cement September Fed Hike
Gold miners fall 1.9% and Bitcoin proxies sell off after August payrolls beat by 106,000, pushing September Fed hike odds to 60.2% from 49.4%.
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If You Invested $1000 In Anglogold Ashanti Stock 5 Years Ago, You Would Have This Much Today
Anglogold Ashanti (NYSE:AU) has outperformed the market over the past 5 years by 36.46% on an annualized basis producing an average annual return of 47.73%. Currently, Anglogold Ashanti has a market capitalization of
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Shares of precious metal-related companies are trading higher amid a rise in gold and silver in response to falling Treasury yields and a weakening dollar. Fed Governor Waller's comment that he is inclined to support holding interest rates steady may contribute to the metals' rally.
Is AngloGold Ashanti Set for Strong EBITDA Growth in H2'26?
AngloGold Ashanti (AU) delivered H1 2026 EBITDA of $4.3B, up 82% year-over-year, driven by higher gold prices and cost efficiencies despite a 4% decline in gold production. The company expects stronger H2 production and projects 2026 gold production of 2.80-3.17 million ounces. Gold revenues reached $6.3B, up 43.8% year-over-year, supported by gold prices rallying 21.5% annually to around $4,323 per ounce.
Shares of precious metal-related stocks are trading lower as climbing bond yields and August's economic data raise inflationary concerns and interest-rate hike expectations. A slightly stronger dollar may contribute to the a selloff of the commodity.