AngloGold Ashanti Surges 5.5% as Index Debut and ZAR 89K Breakout Spark Rally

AngloGold Ashanti plc (JSE: ANG) up 5.58% to ZAR 89,364 as the stock continues to break out. The company was named a preliminary addition...

Written by: Arslan Butt • Friday, June 13, 2025 • 2 min read

• Last updated: Friday, June 13, 2025

Quick overview

AngloGold Ashanti plc's stock rose 5.58% to ZAR 89,364 as it was named a preliminary addition to four major FTSE Russell U.S. indexes.
The official inclusion will take effect after U.S. markets close on June 27, 2025, enhancing the company's visibility among global institutional investors.
Technical indicators suggest a bullish trend, with a confirmed breakout above ZAR 86,030 and targets set at ZAR 91,934 and ZAR 94,153.
The macro environment, including high gold prices and a strengthening rand, supports AngloGold's growth despite potential currency risks.

AngloGold Ashanti plc (JSE: ANG) up 5.58% to ZAR 89,364 as the stock continues to break out. The company was named a preliminary addition to four major FTSE Russell U.S. indexes—including the Russell 1000®, 2000®, 3000®, and Midcap®. Official inclusion will be effective after U.S. markets close on June 27, 2025 and trading will begin June 30.

This is a big deal for AngloGold’s visibility among global institutional investors, especially after the NYSE primary listing in September 2023. CEO Alberto Calderón called it a “milestone” to support long term shareholder value.

Why this matters:

Over $10.6 trillion is benchmarked to Russell indexes
The reconstitution is expected to trigger $53 billion in trading flows
Inclusion increases liquidity and exposure for ANG stock

AngloGold Ashanti plc (JSE: ANG) Technical Setup Signals Upside Continuation

On the charts, AngloGold is in a rising channel on the 4-hour chart. After bouncing off support at ZAR 79,323 price action accelerated with a strong bullish engulfing candle that broke the 50-period EMA at ZAR 81,294.

ANG is now testing a major horizontal and channel resistance at ZAR 89,667 after a confirmed breakout above ZAR 86,030 with the MACD showing widening momentum and bullish crossover—strong buy conviction.

Technical Trade Setup:

Entry: Above ZAR 89,667 (confirmed breakout)
Stop-loss: ZAR 86,000 (below last swing high)
Target 1: ZAR 91,934
Target 2: ZAR 94,153
Momentum: MACD rising, no bearish divergence detected

AngloGold Price Chart - Source: Tradingview — AngloGold Price Chart – Source: Tradingview

Wait for volume and candle closes near resistance before entering new positions. A confirmed breakout could be a multi-week trend continuation.

Gold and Rand Fundamentals Support

This technical strength is supported by the macro environment. Gold is still high on a weaker dollar and geopolitical tensions especially around Israel-Iran and US tariff rhetoric. As a safe-haven asset gold is seeing buying back.The rand also strengthened 0.2% to 17.7150/USD on June 12 ahead of local mining data. A stronger rand can be a headwind for exporters like AngloGold but investors are focused on growth and inflows rather than currency risk.

AngloGold Ashanti is at the sweet spot of technical and institutional momentum.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.