Why Anglogold Ashanti Stock Dropped Today

Key Points Silver prices hit an all-time high last night. Silver and gold sold off this morning, with silver losing about twice as much value as gold. 10 stocks we like better than AngloGold Ashanti Plc › 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 80anouncelastnight,butdroppeddramaticallythismorningastraderstookprofits,fallingaslowas80 an ounce last night, but dropped dramatically this morning as traders took profits, falling as low as 70.25 per o ...