×
144
Fashion Jobs
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
By
Reuters
Published
Mar 16, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gold slides as Japan crisis slams markets

By
Reuters
Published
Mar 16, 2011

Mar 15 - Gold prices fell more than 2 percent on Tuesday, but were well off their lows, as rising fears over Japan's nuclear crisis hit global financial markets, prompting a flight to liquid assets like cash.

Platinum group metals also fell sharply as a potential radiation catastrophe dampened demand expectations from Japan's powerful auto industry.


Gold market in Bangkok (January 2011)

"We have a risk-off trade going on as a result of the issues in Japan. There has been institutional liquidation and other liquidation globally as people are choosing to raise cash at this moment," said James Steel, chief commodity analyst at HSBC bank.

Spot gold fell as low as $1,380.90 an ounce and was later down 2.1 percent at $1,396.75 an ounce by 12:25 p.m. EDT (1625 GMT). U.S. gold futures for April delivery lost 2 percent to $1,396.50.

Fear of heavy economic repercussions in Japan pounded world stock markets on Tuesday, shredding $1 trillion in equity valuations as investors dumped assets considered risky and sought the safety of government debt.

Silver tumbled as much as 6 percent to a low of $33.56 an ounce, and was later down 3.8 percent at $34.48 an ounce.

Platinum prices shed as much as 3.5 percent, falling to their lowest level since mid-December at $1,687.99 an ounce. They were later down 2.7 percent at $1,701.99 an ounce.

Palladium fell as much as 7.5 percent to $684.50 an ounce, its fifth day of losses and its longest losing streak since early August. It later dropped 5.4 percent to $699.97.

Major Japanese car makers, including Toyota, Nissan and Honda, stopped vehicle production following Friday's earthquake, which crippled roads, railways and ports. Carmakers are the biggest consumers of platinum and palladium.

According to refiner Johnson Matthey, Japan was the largest single national user of platinum in 2010, and accounted for 18 percent of global autocatalyst demand of 2.985 million ounces.

(Reporting by Frank Tang)

© Thomson Reuters 2022 All rights reserved.