MTECHTIPS;-Gold Prices Edge Down as Dollar Steadies

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MTECHTIPS;-Gold Prices Edge Down as Dollar Steadies

MTECHTIPS-Gold prices were trading slightly lower on Tuesday as the dollar edged up after a sharp decline in the previous session. Gold Futures for August delivery on the Comex division of the New York Mercantile Exchanges was down 0.47% to a trading price of $1,219.8 each troy ounce at 1:10 AM ET (05:10 GMT).   Trade tensions received some residual focus after China’s ambassador to Brazil Li Hanging said on Tuesday that the country wants a “long-last relationship” with Brazil in terms of trade in agricultural goods and other products amid an escalation of trade war with the U.S. The two countries are ready to take their trade relationship “to new levels”, Li said, adding that they should take advantage of the multilateral mechanisms, such as the World Trade Organization to strengthen trade ties between China and Brazil that began “some 200 years ago.” Meanwhile, the dollar steadied on Tuesday after a sharp decline in the previous session as Trump told CNBC last Friday that he was “not thrilled” about the Federal Reserve’s decision on raising interest rates

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