Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Johannesburg Stock Exchange  >  AngloGold Ashanti Limited    ANGJ   ZAE000043485

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

AngloGold Ashanti : AngloGold Forecasts Gold Between $1,700/Oz-$1,800/Oz For Rest Of Year

05/10/2012 | 03:21am US/Eastern

AngloGold Ashanti Ltd. (AU) said it expects the gold price to range between $1,700 a troy ounce and $1,800/oz for the remainder of the 2012 calendar year, with the possibility of a break above $2,000/oz, its chief executive said Thursday.

"We expect volatility and could see a bit of a pullback," said chief executive Mark Cutifani. "There's a possibility of popping through $2,000/oz if the news keeps getting worse."

Cutifani said gold averaged about $1,690/oz in the first quarter of its financial year ended March 31 and that the second quarter average could be lower. He said though that the gold mining company expects a stronger second half of the year.

-By Devon Maylie, Dow Jones Newswires; +27117837848; devon.maylie@dowjones.com

React to this article
Latest news on ANGLOGOLD ASHANTI LIMITED
06/30 South Africa’s gold workers 'unimpressed' with 13% pay rise offer
06/30 ANGLOGOLD ASHANTI : Gold companies table wage offer based on economic and social..
06/29DJSouth Africa's Gold Miners Offer to Share Potential Profits With Employees
06/29 ANGLOGOLD ASHANTI : Award of share options to executive directors and the compan..
06/26 ANGLOGOLD ASHANTI : Award of share options to executive directors and the compan..
06/23 Analysis - Green shoots emerge in withered gold mining sector
06/22DJSouth Africa's Gold Miners Begin Wage Talks
06/22DJSouth Africa Gold Miners Begin Wage Talks
06/21 NEWMONT MINING : Cripple Creek mine purchase part of Newmont's strategy shift
06/11DJWoes Pile Up for South African Gold Producers
Advertisement
Chart
Duration : Period :
AngloGold Ashanti Limited Technical Analysis Chart | ANGJ | ZAE000043485 | 4-Traders
Income Statement Evolution
More Financials