TOKYO (REUTERS) -
"Japan's exports of gold plunged to a 15-month low in May to 2.79 tonnes, down 67 percent from a year ago, as sales of gold bars and jewellery by consumers fell sharply after prices eased, resulting in a steep fall in gold scrap.
"Gold touched a record of about $1,920 an ounce in 2011, when investors turned to the metal as a safe haven during the debt crisis in Europe. But bullion has lost some of its appeal after the U.S. Federal Reserve decided to take only a modest step to boost the economy and the market turmoil prompted investors to cash in the metal to cover losses. ..."