Gold On MCX Settled Down -0.17% At 31246 Amid An Easing Of Political Tensions In Italy

Gold on MCX settled down -0.17% at 31246 amid an easing of political tensions in Italy. Canada and Mexico retaliated against the U.S. decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go.

U.S. President Donald Trump played down the chances of a quick deal in getting North Korea to abandon its nuclear arms as a delegation from Pyongyang headed to meet him with a letter from North Korean leader Kim Jong Un, suggesting a proposed summit may be back on.

Italy's anti-establishment parties revived coalition plans on Thursday, ending three months of political turmoil by announcing a government that promises to increase spending, challenge EU fiscal rules and crack down on immigration.

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