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Main » 2011 » March » 15

Gold, Silver, PGMs Down On Flight To Cash

By James Campbell
Of DOW JONES NEWSWIRES

SINGAPORE -- Gold, silver and platinum group metals were all lower in Asia Tuesday, after the escalating Japan nuclear crisis precipitated steep losses in Japanese equities, pushing Asian investors to move into cash.

It was shades of 2008 for the gold market, with the U.S. dollar, the Japanese yen and the Swiss franc appreciating as investors sought liquidity.

News of a fire at Tokyo Electric Power's No. 4 reactor at the Fukushima Daiichi plant in northeastern Japan was the main driver of the selling amid re ... Read more »

Views: 413 | Added by: kum01049 | Date: 2011-03-15 | Comments (0)