Monday, March 14, 2011

Worries Over Nuclear Meltdown Shakes Markets

gold rises
Worries over a nuclear meltdown in Japan sent the benchmark Nikkei 225 Average down as much as 5% Sunday night.  There were a number of reports of explosions at the country’s nuclear facilities and the radius of evacuations was expanded.  In the worst national disaster since World War II, more than1,500 are confirmed dead with reports that the eventual number of deaths will top 10,000.

Gold prices and government bonds gained amid the liquidation pressure while S&P 500 stock futures slid 6.00 to 1,294.80.

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