Gold eases on higher US yields

LONDON, Apr 5 (Reuters): Gold slipped on Tuesday as higher US Treasury yields and expectations of aggressive interest rate hikes by the Federal Reserve dimmed the appeal of the non-yielding bullion.
Spot gold was down 0.3 per cent at $1,926.80 per ounce as of 1150 GMT, trading in a narrow range. US gold futures GCv1 eased 0.1 per cent to $1,931.20.
"The market remains torn between those investors looking towards gold as an offset against inflation, growth worries and high volatility in the bond market ... against that we have the continued rise in yields," Saxo Bank analyst Ole Hansen said.