Randgold Resources, Anglo Ashanti Get Gold Rally Lift

The rise in gold prices helping to buoy shares of Randgold Resources and AngloGold Ashanti.
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The rise in gold prices helped to buoy shares of Randgold Resources (GOLD) - Get Report and AngloGold Ashanti (AU) - Get Report  on Monday. Investors are looking for any safe haven they can find now that banking stocks are tumbling and crude oil prices are off their 2016 highs. Real Money's Bruce Kamich, says in a Monday report, that Rangold 'just broke out from a four-month sideways consolidation correction' and that 'further gains lie ahead.' Shares of AngloGold Ashanti were also higher on Monday, adding to an increasingly strong 2016, in which shares have surged roughly 130 percent.

This article was written by a staff member of TheStreet.