Why Anglogold Ashanti Stock Dropped Today
Anglogold Ashanti (NYSE: AU) stock tumbled 6.5% through noon ET Monday on a big reversal of the precious metals trade.
As CNBC reports, silver hit an all-time high price north of $80 an ounce last night, but dropped dramatically this morning as traders took profits, falling as low as $70.25 per ounce. At last report, silver prices were still down approximately 7.1% at $71.70 per ounce, and gold prices were down 4.3% at $4,357.60.
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Source Fool.com
