Gold regains some ground as growth concerns take center stage

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Gold last traded at $1,794 an ounce. Silver at $24.04 an ounce.

NEWS SUMMARY: Precious metal prices traded mixed Thursday on bargain-hunting and a weaker dollar. U.S. stocks traded flat as investors remained cautious in considering the delta variant, the economic reopening and the Federal Reserve.

CNBC--"Gold prices edged higher early on Wednesday after a steep fall in the previous session, as concerns about global growth slowdown weighed on risk sentiment while investors awaited the European Central Bank's tapering strategy....

'Gold is holding up quite well towards $1,800. There is bit of concern about growth and we are seeing some weakness in the in the equity market,' said Xiao Fu, head of commodity market strategy at Bank of China International.

'Gold prices are in a bit of range bound market because there's buying on dips. The demand is still very strong in the gold market when prices dip.'....

Austria's central bank chief Robert Holzmann, considered as a hawkish member of the ECB, said the central bank could tighten policy sooner than many expect as inflationary pressures could prove to be persistent.

'There may be some influence from the ECB meeting if the meeting is more dovish than expected,' Nicholas Frappell, global general manager at ABC Bullion said."