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Gold prices slipped on Wednesday amid a steady dollar and firmer equities.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $2.70 or 0.2%, to $1,275.90 a troy ounce by 1:13AM ET (05:13 GMT).Regional sentiments recovered somewhat with Japan’s Nikkei 225 rose 0.6% and South Korea’s KOSPI advanced 1.1%, while Hong Kong’s Hang Seng Index also climbed 0.5%.Yi Gang, governor of the People’s Bank of China, said in an interview with the Shanghai Securities News that policymakers are prepared for outside shocks, and called for investors to stay calm. The central bank is ready to utilise monetary policy following the standoff to stabilise the nation’s stock markets, he added.   “We’ll be forward-looking, prepare relevant policies, and comprehensively use all kinds of monetary policy tools,” Yi said. Stock market turbulence is “mostly driven by sentiment,” he said, adding that China has “room to face all sorts of trade friction.” Meanwhile, Chinese President Xi Jinping and North Korea’s Kim Jong Un met in Beijing this week and came to an understanding on various issues, including denuclearization of the Korean peninsula, North Korea’s state media said on Wednesday.

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