AngloGold Ashanti ADR drops 4.9% as gold prices fall
AngloGold Ashanti ADR (NYSE:AU) shares fell 4.9% in pre-market trading to $106.82 as gold extended its decline after Federal Reserve Chair Kevin Warsh’s Jackson Hole comments boosted expectations for another rate increase. The drop aligned with weakness across other gold-mining shares and U.S. equities; FedWatch implied September hike odds rose to about 57%–60% from 36%–40%, while a 12-month analyst target was cited near $113.