Gold heads higher as dollar weakens
Gold on track for third weekly gain as US Treasury yields slide
23 April 2021 - 07:14
Gold rose on Friday and was set to post a third straight weekly gain after US President Joe Biden’s proposal to hike capital gains tax weighed on US Treasury yields, while a weaker dollar also bolstered the metal’s appeal.
Spot gold was up 0.2% at $1,786.87/oz at 3.32am GMT. The metal jumped to its highest since February 25 at $1,797.67/oz on Thursday, and has added about 0.6% so far this week. US gold futures rose 0.3% to $1,786.90/oz...
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