MW: Gold tumbles $29 an ounce as metals dive further
By Laura Mandaro
SAN FRANCISCO (MarketWatch) -- Metals steepened their sell-off Thursday as equities dropped and the U.S. dollar rallied, with concerns over the ability for debt-strapped southern European governments driving trade. Gold for April delivery, the most active contract, fell $29.3 an ounce, or 2.6%, to $1,082.7 an ounce. March palladium sank 3.2% to $423 an ounce. Copper fell 2.1% to $2.91 a pound. Copper has lost more than 5% over the last two days.
