Gold rallied to an all-time high last night.
Gold had been steadily trending upward, through the $900 range. Then, a massive South African power shortage forced the likes of AngloGold Ashanti and Gold Fields to temporarily shut down their facilities. Just like that, gold hit $923 -- a new high in every currency, save the Canadian dollar and yen.
Gold had been steadily trending upward, through the $900 range. Then, a massive South African power shortage forced the likes of AngloGold Ashanti and Gold Fields to temporarily shut down their facilities. Just like that, gold hit $923 -- a new high in every currency, save the Canadian dollar and yen.
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