This is miner decompression, coil spring coming alive , AU beating both top and bottom lines expectation. People said that miner lock step with gold , but gold is a neutral store of value, has no dividend and interest . Miners has shares buyback and dividends. As Japan yen falls, USD is in trouble, too much short term treasury bonds due soon. Look at the US job numbers, then give it a major discount because they are not publishing the real numbers as Trump will fire anybody that releases negative news. They have no room to raise interest rates because of the huge debt, that's why US govt had to support Japan yen but that's delaying the inevitable. Yen is back to where it was, merely delayed by a couple of days . What will Japan do ? Stop buying US debt to support their PM social and military programs.
Gold is going up regardless of Fed. Just a matter of how fast and how high.
Anglogold Ashanti PLC Stock (AU) Moved Up by 9.46% on Aug 7: Drivers Behind the Movement
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