Gold Just Spiked

Gold is surging.

In afternoon trade on Monday, gold futures were up more than 1% to north of $1,200 after a sharp $10/ounce rally in just the last few minutes.

Gold is surging as both stocks and oil are falling, with the Dow off almost 150 points, the Nasdaq down more than 1%, and crude oil falling to multi-year lows.

Here's the rally.