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    Spot gold tumbles 5 percent; appraoches $1,400/ounce

    LONDON, April 15 (Reuters) - Gold extended early losses on Monday to its lowest in 2 years and sinking towards support at $1,400 per ounce, as investors continued to liquidate positions after dramatic falls last week.

    Spot gold fell as much as 4.9 percent to $1,403.90 an ounce, its lowest since March 2011. U.S. gold futures for June delivery also dropped six percent at $1,411.60. (Reporting by Clara Denina; Editing by Veronica Brown)