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.....

This article is no longer available in our repository.

There could be multiple reasons for this.