Gold futures in New York plunged to a 3-week low

Xinhua, Chicago, June 12 (Xinhua Han Wanning) By the dollar strength and other factors, the New York Mercantile Exchange gold futures prices fell sharply 12th, the August contract closed at $940.70 per ounce, fell 21.30 U.S. dollars, a decline of 2.2%, a 3-week low gold closing. The price of silver futures, delivered in July, fell 61.8 cents per ounce and closed at $14.875.　　Platinum futures, delivered in July, fell 14.40 dollars per ounce and closed at $1258.70. The euro zone's April industrial output fell 1.9% to a new low in the previous one months, down 21.6% from a year earlier, according to data from Eurostat 12th, and ECB president Jean-Claude Trichet said in a subsequent speech that the eurozone's economic situation remains difficult and unpredictable.　　As a result, the dollar rose sharply on 12th, with the dollar climbing to $1.3935 against the euro, which rose nearly 2 cents from a late 11th, limiting investors ' interest in buying gold to hedge against the risk of a dollar devaluation. In addition, the group of Eight is scheduled 12th and 13th, two days in Italy finance ministers meeting, investors to avoid the weekend uncertainty risks and choose to profit, is also a factor in driving gold lower.