SCOREBOARD: Stinging sell-off

It was a brutal night for offshore markets as commodity prices fell and stocks sold off in an apparent overreaction to Chinese data.

It was a mood of absolute gloom for markets last night. From what I could see there was no overarching rhyme nor reason just panic, though sentiment was shaken by a series of explosions that went off near the finish line of the Boston marathon. Gold fell $149 or just under 10 per cent in the session to sit at $1352 now. Gold has fallen by about 18 per cent or $300 so far this year, most of that over the last three days.


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