scorecardresearchGold Slips as Traders Weigh Growth Concerns, ECB Rate Hike

Gold Slips as Traders Weigh Growth Concerns, ECB Rate Hike

Updated: 22 Jul 2022, 10:48 AM IST
TL;DR.
Gold slipped after posting its biggest gain in more than a month as the US dollar edged up, with investors weighing renewed concerns over economic growth amid tightening monetary policy.
(FILES) This file photo taken on August 5, 2020 shows gold bullion bars after being inspected and polished at the ABC Refinery in Sydney. - Four G7 powers will ban Russian gold exports in a new bid to stop oligarchs from buying the precious metal to avoid the impact of sanctions against Moscow, Britain said on June 26, 2022. The joint action taken by Britain, Canada, Japan and the United States, will directly hit Russian oligarchs and strike at the heart of (President Vladimir) Putin's war machine, said British Prime Minister Boris Johnson. (Photo by DAVID GRAY / AFP)

(FILES) This file photo taken on August 5, 2020 shows gold bullion bars after being inspected and polished at the ABC Refinery in Sydney. - Four G7 powers will ban Russian gold exports in a new bid to stop oligarchs from buying the precious metal to avoid the impact of sanctions against Moscow, Britain said on June 26, 2022. The joint action taken by Britain, Canada, Japan and the United States, will directly hit Russian oligarchs and strike at the heart of (President Vladimir) Putin's war machine, said British Prime Minister Boris Johnson. (Photo by DAVID GRAY / AFP)