Gold Climbs as Sanctions Raise Concern Over Global Growth
- Putin retaliates amid mounting penalties against Russia
- Bullion caps biggest monthly advance since May on haven demand
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Gold extended gains as investors weighed mounting risks to global growth from sanctions on Russia in the wake of its invasion of Ukraine.
Treasuries climbed, and traders are abandoning bets on a half-point Federal Reserve hike this month amid concern that an escalation of war will weigh on the economy. U.S. equities fell while the dollar advanced.