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. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool