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AngloGold Ashanti (AU) Stock Plunges on Weak Gold Prices

NEW YORK (TheStreet) -- AngloGold Ashanti (AU - Get Report) stock is retreating by 12.52% to $14.32 in afternoon trading on Monday, after gold prices fell due to several factors, including a stronger dollar, according to Reuters. Gold becomes more expensive to hold abroad when the dollar rises.

Gold for June delivery is down by 2.15% to $1,266.20 per ounce on the COMEX this afternoon.

"Gold prices are solidly lower in early U.S. trading Monday, pressured by some profit-taking from recent gains and by better risk appetite in the general marketplace," Kitco Metals analysts explained in a note, Reuters...


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