Gold prices have crashed below $4,000 per ounce after hitting $5,000 recently. This has led to a decline in gold mining companies, including Anglogold Ashanti (AU), which has seen its stock price fall close to bear market territory. Despite the recent crash, the long-term outlook for gold remains positive due to factors like de-dollarization, lack of trust in fiat currencies, loose monetary policy, and geopolitical tensions. AU is still a good bet in the gold mining space, with a strong balance sheet, optimized portfolio, and a generous dividend policy offering potential for capital appreciation and dividends for investors.
Read more at Barchart: This Dividend Stock Has Fallen as Gold Prices Crash. Should You Buy You Buy the Dip or Stay Far Away?
