Why Is AngloGold Stock Sinking Today?

Group 1 - Shares of AngloGold Ashanti Plc are down 5.4% as of 3:26 p.m. ET, contrasting with gains in the S&P 500 and Nasdaq Composite [1] - The decline in AngloGold's shares is attributed to easing trade tensions between the U.S. and China, which have previously boosted precious metals prices [1][3] - The company's sales have significantly increased over the past year, closely following the rise in metals prices, but there are concerns about potential declines in stock price if metals prices fall as trade tensions cool [4] Group 2 - The optimism expressed by President Trump regarding a potential trade deal with China has led to a decrease in gold and silver prices, which negatively impacts AngloGold's stock [6] - Historical data indicates that when gold prices fell by approximately 15% in 2022, AngloGold's stock plummeted by over 50% [4][6] - Analysts from The Motley Fool have identified other stocks as better investment opportunities compared to AngloGold Ashanti Plc [5][6]