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Gold dips, markets futures mixed

Gold has dipped to US$1,392 an ounce on the spot market after the strong US jobs report has seemingly reduced the impetus for a possible rate cut and US-China trade talks look set to resume.
Gold dips, markets futures mixed Gold dips, markets futures mixed Gold dips, markets futures mixed Gold dips, markets futures mixed Gold dips, markets futures mixed

Africa-focused gold producer Avesoro Resources continues its share price recovery

Staff reporter

Meanwhile US president Donald Trump has turned his attention to India, tweeting yesterday the country had "long had a field day putting tariffs on American products. No longer acceptable!"

Market futures and mining stocks were mixed.

Metals and mining stocks in Toronto fell 1.7% yesterday.

However West African miner Avesoro Resources (TSX: ASO) has continued its recovery from a June low of C41.5c, when it slashed full-year guidance and its Youga mine in Burkina Faso was suspended for about a week over labour issues.  

It gained 17.19% yesterday to close at $1.50 but is still a long way off last July's $5.99 peak.

Antofagasta and Glencore posted two of the bigger drops on the FTSE100 yesterday, closing down 3.83% and 2.88% respectively.

Western Australian lithium miner Pilbara Minerals was down 5.8% in afternoon Australian trade.

It had lifted yesterday on a new offtake agreement and saying it expected production and sales to "return to full capacity" in the December quarter, after flagging customer issues in June.