Gold steady at US$1,783

Business | 23 Apr 2021 3:47 pm

Gold was little changed on Friday but was set to post a third straight weekly gain after U.S. President Joe Biden's proposal to raise capital gains tax weighed on U.S. Treasury yields, while a weaker dollar also supported, Reuters reports.

Spot gold was steady at US$1,783.24 per ounce by 0723 GMT. The metal jumped to its highest since February 25 at US$1,797.67

on Thursday, and has added about 0.4 percent so far this week.

U.S. gold futures added 0.2 percent at US$1,785.60 per ounce.

 



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