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Monday, August 2, 2010

AngloGold Ashanti (NYSE:AU) Rises with Gold Futures

The market has been teetering back in forth for gold over the last month, and investors have been shrugging off the underlying fundamentals underlying the reasons gold has been moving up in price for years.

AngloGold Ashanti (NYSE:AU) has followed the price movements of gold over the last week, like the majority of their counterparts, moving in tandem with the yellow metal.

The gold miner finished the week in New York at $40.52, growing $0.94, or 2.37 percent. Volume reached 2,267,099, a little above its 3-month average.

Gold prices will resume their upward run, it's a question of whether they'll continue to fall in August before that happens.

Even with the positive economic spin in the mainstream media, gold has found decent support, although it is down to its lowest levels since the early part of the year.

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