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AU News Highlights
- AU's 30 day story count now stands at 28.
- Over the past 29 days, the trend for AU's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- GOLD, ASX and AMP are the most mentioned tickers in articles about AU.
Latest AU News From Around the Web
Below are the latest news stories about ANGLOGOLD ASHANTI LTD that investors may wish to consider to help them evaluate AU as an investment opportunity.
Pre-market breakdown ASX shares are set to continue on from yesterday’s gains after the softer than expected interest rate rise saw the market rise more than 3.7% The Reserve Bank of Australia (RBA) increased its benchmark interest rate by 0.25%, lower than the 0.50% increase many within the market anticipated, providing traders a significant confidence shot. ASX futures were up 1.43%, sitting at $AU6,792 at around 6:30am AEST. Local market sentiment was further bolstered by continued gains on Wall Street overnight, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 all trading in the green.
The price of gold peaked this year in March, when it surged to $2,052 in the wake of Russia’s Ukraine invasion. That marked the first time since August of 2020 that gold traded at that level; since then, however, gold has fallen and is now trading at $1,662. At the same time, gold miners and commodity traders are optimistic about the precious metal, seeing it as a sound investment despite the fall-off in price over the past 6 months. Gold is usually used as a hedge, a protective investment that will hold its value well no matter how the economy moves.
Pre-market breakdown ASX shares are set to jump this morning following significant gains on Wall Street overnight, with local eyes now turning to today’s Reserve Bank of Australia (RBA) interest rate meeting. ASX futures were up 1.94%, sitting at $AU6,577.00 at around 6:30am AEST. The Australian market has been edgy following a significant rate hike delivered by the U.S. Fed last week, and ahead of the RBA's expected interest rate increase today. Most analysts have lifted their initial forecast of a 0.25% increase, raising it to 0.5% as the global economic outlook has become more concerning in recent weeks.
Pre-market breakdown Australian shares are set to rise sharply this morning, following gains on Wall Street after the Bank of England provided ballast to the shaky UK economy by buying up government bonds. ASX futures were up 1.58%, sitting at $AU6,562, approaching 6:30am AEST. Overnight on Wall Street, the Dow Jones Industrial Average (DJIA) finished up 1.88%, while the S&P 500 (SPX) and the Nasdaq 100 (NDX) both gained 1.97%. The U.S movements came after the Bank of England stepped in to buy long-term government debt in a bid to restore orderly market conditions.
ASX200 closed up Tuesday, gaining 0.41% to settle at 6,496.20, while the broader All Ordinaries index also finished the day in the green, gaining 0.43% to finish at 6,696.50.It was another volatile trading session across U.S. markets overnight. The Dow Jones Industrial Average (DJIA) fell by 0.43%, while the S&P 500 (SPX) declined by 0.21%.
ASX200 close sharply lower, dropping 1.60% for the day, to 6,469.40 and setting a new 50-day low. The Energy and Materials Sectors sustained the heaviest losses yesterday, falling more than 6% and 5% respectively. Overnight, U.S. markets fell, as investors try to find ground after last week’s panic due to the 0.75% hike in interest rates. The Dow Jones Industrial Average (DJIA) dipped 1.
ASX 200 down 2.5 per cent for the week. It was a similar story across U.S. markets, with the S&P 500 losing nearly 5% last week, while the Dow Jones Industrial Average closed at a new low for 2022. Those losses followed the U.
Identifying ASX shares that are favourites with company insiders can help investors conduct their due diligence. Medical Developments International Limited (ASX:MVP) and Healthia Ltd. (ASX:HLA) are among the stocks that have recently seen heavy insider buying. Reading the insider confidence signal When it comes to evaluating the best stocks to buy, investors can obtain valuable insights by tracking company insider share transactions. When company insiders, such as executives and directors, buy-up shares in their company, it can provide strong signals of confidence going forward. TipRanks provides a comprehensive list of daily company insider transactions to provide insight into whether senior leaders are buying or selling their company's stock.
Amid the market volatility, high-yielding ASX shares delivering dividends have become favourites amongst many investors. Insignia Financial Ltd (ASX:IFL), Perenti Global (ASX:PRN), Nine Entertainment Co. Holdings Limited (ASX:NEC) are among the highest-paying dividend shares, all with yields of more than 6%. Investing in dividend shares in uncertain times Share prices can drop steeply in rough market conditions, erasing capital gains for investors. However, many dividend-paying companies can deliver bankable returns even in a market downturn. Therefore, dividend shares can both provide you with an income and a hedge for your portfolio during uncertain times.
The ASX is set to open lower when it returns after the market holiday today, as central banks across the globe hike up interest rates to curb inflation, increasing fears of a possible recession. After Wednesday’s ASX close, local market eyes turned to the United States, when the U.S. Federal Reserve delivered a 0.75% rate hike. Since then the Bank of England has increased its key rate by 0.5%, while the Swiss National Bank and the central bank of South Africa both increased theirs by 0.75%. ASX futures were down 0.2% to 6,631 approaching 7am AEST.