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Gold prices slip as higher U.S. yields weigh on market

Reuters 

By Vijaykumar Vedala(Reuters) - Gold prices inched down on Tuesday, hurt by higher U.S. Treasury yields amid uncertainty over the outlook for tax reforms in the United States.Higher U.S. bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion. Investors will keep an eye on an European Central Bank-hosted conference in Frankfurt on Tuesday, where ECB chief Mario Draghi, U.S. Federal Reserve Chair Janet Yellen, Bank of Japan Governor Haruhiko Kuroda and Bank of England head Mark Carney will form an all-star panel.Spot gold was down 0.1 percent at $1,276.26 per ...

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First Published: Tue, November 14 2017. 13:50 IST
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