On September 3, Anglogold Ashanti rose 3.45% in pre-market trading, trading at approximately $111.64/share, with turnover of $2.2973 million, as the broader gold sector staged a broad-based recovery.

On the news front, the precious metals sector has continued to rebound in recent sessions, with gold stocks strengthening across the board. Deutsche Bank's latest research noted that systematic fund buying that drove the prior gold rally is nearing exhaustion, while market selling pressure has also largely dissipated. The bank suggested that even if the Federal Reserve maintains hawkish rhetoric, precious metals prices could hold firm, with the next leg higher potentially driven by discretionary active traders stepping in. Among sector peers, Pan American Silver rose 3.78%, Coeur Mining gained 3.63%, Agnico Eagle Mines advanced 3.30%, Newmont Mining climbed 3.16%, and Barrick Mining added 3.10%.

The rebound follows a sharp 4% decline on September 1 triggered by Fed Chair Waller's hawkish comments at the Jackson Hole symposium and the company's Q2 earnings miss, where EPS of $1.98 fell short of the $2.38 consensus and gold income of $3.03 billion missed the expected $3.20 billion. The company has maintained its full-year production, cost, and capital expenditure guidance and expects unit costs to decline in the second half as production scales up.

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