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 gold.
"The gold buying frenzy continues," Ole Hansen, head of commodity strategy at SaxoBank, told the Journal.
Based in South Africa, AngloGold is a gold mining and exploration company.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, poor profit margins and weak operating cash flow.
You can view the full analysis from the report here: AU