Gold prices slip as higher US Treasury yields dim appeal


Gold eased on Thursday as U.S. Treasury yields hovered near a one-year high, tarnishing bullion's appeal, although a softer dollar and the U.S. Federal Reserve's commitment to an accommodative policy limited its fall. Spot gold fell 0.6% to $1,792.

81 per ounce by 0757 GMT. U.S. gold futures eased 0.4% to $1,791.60. "Rising longer dated yields are a primary weighing factor on the precious metals," DailyFX strategist Margaret Yang said, adding that reflation hopes could push yields even higher. Benchmark.....

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