This chart shows exactly how gold the commodity and AngloGold Ashanti (AU) — one of the world's largest gold mining companies — performed over the past twelve months. Both lines start at zero, so you can compare them fairly even though gold trades at $4,720 per ounce and AU trades at around $90 per share.
Both lines begin at 0% on April 1, 2025. Hover or tap a point to see exact figures.
Why start at zero? Gold costs $4,720 per ounce while an AU share costs $90. If we plotted the actual prices on one chart, gold would tower over AU and you'd see nothing useful. Starting both at 0% on the same date lets us compare how much each moved, not what they cost.
Why does AU move so much more? AngloGold mines gold at roughly $1,450 per ounce and sells it at the market price. When gold rises by $100, their profit per ounce rises by the full $100 — that's enormous leverage. A 1% move in gold can mean 3–5% in AU's share price.
What happened in March 2026? The US-Iran war began February 28. Paradoxically, rising oil prices (Iran blocked the Strait of Hormuz) raised inflation fears, which made investors worry the US Federal Reserve would keep rates high — bad for gold. AU fell even harder due to its leverage, dropping 38% from peak while gold fell 17%.
What does the gap now mean? Gold has recovered more than AU relative to their war-era lows. That gap represents potential upside for AU if gold stays elevated — and with a new 4.9 million ounce gold reserve announced in Nevada (low cost at $954/oz to mine), AU has company-specific catalysts too.
For informational purposes only. Not financial advice. Prices approximate as of April 1, 2026. Past performance does not guarantee future results. Consult a qualified financial advisor before making investment decisions.