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Gold poised for biggest weekly fall in 7 weeks

The yellow metal is on track for the biggest weekly fall in 7 weeks, as investors sought out risky assets, suppressing demand for gold.
As of 0100 GMT, spot gold was steady at $1263.81 per ounce. The metal is on track for the largest weekly dip since the week of March 10, down by 1.6%. (Bonaz Captial MCX Expert)
U.S. gold futures eased 0.1% to $1264.90 per ounce.
Dollar ticked up in Asian trading on Friday, and the dollar index rose 0.2% to 99.231.
ECB stuck to its ultra-easy policy stance on Thursday as inflation continues to undershoot its target, but explicitly acknowledged the vigour of the euro zone economy.
In the month of March, new orders for US-made capital goods rose less than expected, but the 2nd straight monthly increase in shipments suggested business investment accelerated in Q1, amid a recovering energy sector.
SPDR Gold trust slipped 0.10% to 853.36 tonnes on Thursday.