MTECHTIPS;-MCX Gold Slips Under Rs 31 K

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MTECHTIPS;-MCX Gold Slips Under Rs 31 K

MTECHTIPS-COMEX Gold stayed supported on world trade war fears. China imposed tariffs on a range of US goods, to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum. The metal is off its recent highs but trades steady at $1338 per ounce. MCX Gold futures slipped from highs above Rs 31000 per 10 grams yesterday and ended around Rs 30740 per 10 grams. The metal should see a mixed outing today though overall undertone remains supportive. FTSE 100-listed miner Rand gold Resources Ltd said on Tuesday operations at its Tongan mine have been disrupted by industrial action. Rand gold said the mining subcontractor at Ivory Coast’s Tongan is negotiating with workers, while Rand gold is working with local and national authorities for a solution. Tongan is not meeting forecast production, Rand gold said, though it expects it to get back to full capacity to try and recover lost output. Overall group production guidance for 2018 remains unchanged The Perth Mint’s sales of gold products jumped

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