As Gold Prices Remain Virtually Unchanged

AngloGold Ashanti (NYSE: AU) opened at $46.50. So far today, the stock has hit a low of $45.88 and a high of $46.71. AU is now trading at $46.31, down $0.25 (-0.54%). The stock hit its 52-Week high of $52.86 earlier this month and set its 52-Week low of $34.11 in February. The stock is lower today as gold prices remain virtually unchanged at $1,365.80 an ounce, up $3.40. S&P does not currently have a STARS rating for AU. If you are looking for a hedged play on AU the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 39 range. [ABR-Seven Summits Strategic Investments NewsBite]