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Japan nuclear crisis triggers massive commodity sell-off

Posted on 16 March 2011

From Thehindubusinessline.com: Japan’s deepening nuclear crisis, triggered by the March 11 earthquake and tsunami, sent shock waves across the commodities market on Tuesday with prices of crude oil, gold, silver, copper and coffee crashing. Other commodities such as rubber, crude palm oil also dropped, though some recouped their losses towards the end of the day.
A broad sell-off was seen across all commodities as investors and funds chose to cash in or book profits. A rising dollar contributed to the chaos in the market as commodities that are traded in the greenback began to lose value……………………………………….Full Article: Source


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