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AngloGold Ashanti (AU) Stock Surges as Gold Prices Increase

NEW YORK (TheStreet) -- AngloGold Ashanti (AU - Get Report) stock is rising 5.43% to $12.81 in mid-afternoon trading on Monday as gold prices advance.

Gold for April delivery is up 1.46% to $1,238.20 per ounce on the COMEX this afternoon.

Gold prices are gaining after the release of data that showed U.S. home sales declined by 2.5% in January, compared to analysts' forecasts for a 0.5% increase, the Wall Street Journal reports. The data fed into investors' concerns about U.S. economic growth, which caused safe-haven investing in...


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