Why AngloGold Ashanti PLC (AU) Soared Last Week?

We recently published a list of 10 Firms Defy Market Slump, Record Double-Digit Gains Last Week. In this article, we are going to take a look at where AngloGold Ashanti PLC (NYSE:AU) stands against other firms that defied the market slump and recorded double-digit gains last week.

The stock market may have taken a beating for most of the week, but it was able to recover losses on Friday, as investors gobbled up shares while weighing the impact of the US-China trade war.

Among all major indices, the tech-heavy Nasdaq registered the highest gain, up 7.29 percent, followed by the S&P 500 with 5.7 percent, and the Dow Jones by 4.95 percent.

Ten companies, predominantly in the gold and biopharmaceutical sectors, were the week’s top performers as investors sought haven from their stocks amid market uncertainties.

In this article, we have identified last week’s 10 highest gainers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

The week-on-week prices were based on the companies’ closing prices on Friday as against on April 4, or a week earlier.

A group of miners in hard hats and safety gear descending into a deep coal mine.

AngloGold Ashanti PLC (NYSE:AU)

AngloGold grew its share prices by 27.5 percent last week, ending Friday’s trading at $42.79 versus the $33.55 a week earlier, as investors turned to gold assets for safety from the ongoing market uncertainties.

Spot prices of gold were up by 1.93 percent at $3,237.61 per ounce on Friday, a new all-time high and its second time hitting a new record during the week.

AU is a global gold mining company with a diverse, high-quality portfolio of operations, projects, and exploration activities in 11 countries.

Its portfolio includes operations in Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea, and Tanzania, as well as greenfield projects in Colombia, Côte d’Ivoire and the US.

It also conducts greenfield exploration activities in Argentina, Australia, Brazil, Côte d’Ivoire, Egypt, Tanzania, and the US.

Overall, AU ranks 6th on our list of firms that defied the market slump and recorded double-digit gains last week. While we acknowledge the potential of AU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as AU but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.