Gold down 1 pct as equities tumble on Japan quake

15 March 2011  Reuters

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Gold slid more than 1
percent on Tuesday as declines in stock markets triggered by a
growing nuclear crisis in Japan prompted speculators to sell
bullion to cover losses, while holdings on the ETF fell to their
lowest since May last year.

Silver fell around 3 percent. Platinum and
palladium gave up early gains and dropped more than 1
percent after Japanese shares slumped for a second day on
Tuesday as two fresh explosions rocked a stricken nuclear plant.

http://af.reuters.com/article/commoditiesNews/idAFL3E7EF0PW20110315