CHICAGO, May 11 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange ended slightly lower on Monday as the economy recovery signs limited investors' gold demand for safe-haven. Silver and platinum both dropped, too.
Gold price for June delivery lost 1.40 U.S. dollars, or 0.2 percent, to settle at 913.50 dollars an ounce.
More and more evidences indicated that the world economy is on the way to recover from the most serious recession since 1930s. The latest one is that the European Central Bank (ECB) President Trichet said the global economy is near turning point at a meeting of global central bankers on Monday.
The ECB lowered its benchmark interest rate to a record low level of 1 percent last Thursday and suggested to take more measures to push money into the euro zone's financial system and support its economy.
Trichet's view on global economy is considered to further reduce investors' interests in purchasing the precious metal as an alternative to hedge economy turmoil risk.
Both dollar and crude oil changed a little during the session as no important fundamental news had effects on the markets, which helped gold much to keep stable.
July silver finished at 13.91 dollars per ounce, down 4.5 cents. July platinum dropped 26.40 dollars to 1120.70 dollars an ounce.