<p>Gold gained on Friday and was poised for a third straight weekly rise as a softer US dollar, falling Treasury yields and a dip in equities after US President Joe Biden's proposal to hike capital gains tax encouraged investors to flock towards bullion.</p>.<p>Spot gold was up 0.2 per cent at $1,787.11 per ounce by 07:05 IST, after hitting its highest since February 25 at $1,797.67 on Thursday. The metal has gained about 0.6 per cent so far this week.</p>.<p>US gold futures rose 0.4 per cent to $1,788.10 per ounce.</p>.<p><strong>Read more:<a href="https://www.deccanherald.com/national/west/gjc-seeks-postponement-of-mandatory-hallmarking-of-gold-jewellery-to-june-2022-976463.html" target="_blank">GJC seeks postponement of mandatory hallmarking of gold jewellery to June 2022 </a></strong></p>.<p>The dollar index fell 0.1 per cent against its rivals, making gold cheaper for other currency holders.</p>.<p>US 10-year Treasury yield ticked lower on news that Biden will propose a tax hike for high earners, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers.</p>.<p>The number of Americans filing new claims for unemployment benefits fell to a 13-month low last week.</p>.<p>Switzerland in March recorded its biggest monthly gold exports in 10 months as shipments to India leaped to their highest since 2013, Swiss customs data showed.</p>.<p>Uzbekistan's central bank will resume gold sales when it feels the price of the metal is peaking, deputy governor Behzod Khamraev told Reuters.</p>.<p>Global silver demand will rise this year to its highest since 2015, the Silver Institute said in a report on Thursday.</p>.<p>Palladium rose 0.1 per cent to $2,840 per ounce but was off a record $2,891.50 hit on Thursday. Many analysts expect a further run towards $3,000 per ounce as automakers ramp up purchases of the metal, worsening a supply shortage.</p>.<p>Silver eased 0.3 per cent to $26.10 per ounce. Platinum was little changed at $1,203.10. </p>
<p>Gold gained on Friday and was poised for a third straight weekly rise as a softer US dollar, falling Treasury yields and a dip in equities after US President Joe Biden's proposal to hike capital gains tax encouraged investors to flock towards bullion.</p>.<p>Spot gold was up 0.2 per cent at $1,787.11 per ounce by 07:05 IST, after hitting its highest since February 25 at $1,797.67 on Thursday. The metal has gained about 0.6 per cent so far this week.</p>.<p>US gold futures rose 0.4 per cent to $1,788.10 per ounce.</p>.<p><strong>Read more:<a href="https://www.deccanherald.com/national/west/gjc-seeks-postponement-of-mandatory-hallmarking-of-gold-jewellery-to-june-2022-976463.html" target="_blank">GJC seeks postponement of mandatory hallmarking of gold jewellery to June 2022 </a></strong></p>.<p>The dollar index fell 0.1 per cent against its rivals, making gold cheaper for other currency holders.</p>.<p>US 10-year Treasury yield ticked lower on news that Biden will propose a tax hike for high earners, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers.</p>.<p>The number of Americans filing new claims for unemployment benefits fell to a 13-month low last week.</p>.<p>Switzerland in March recorded its biggest monthly gold exports in 10 months as shipments to India leaped to their highest since 2013, Swiss customs data showed.</p>.<p>Uzbekistan's central bank will resume gold sales when it feels the price of the metal is peaking, deputy governor Behzod Khamraev told Reuters.</p>.<p>Global silver demand will rise this year to its highest since 2015, the Silver Institute said in a report on Thursday.</p>.<p>Palladium rose 0.1 per cent to $2,840 per ounce but was off a record $2,891.50 hit on Thursday. Many analysts expect a further run towards $3,000 per ounce as automakers ramp up purchases of the metal, worsening a supply shortage.</p>.<p>Silver eased 0.3 per cent to $26.10 per ounce. Platinum was little changed at $1,203.10. </p>