S&P/ASX 200 slips as Biden plans to double capital gains tax for wealthy Americans Companies S&P/ASX 200 slips as Biden plans to double capital gains tax for wealthy Americans Brent crude futures rose 0.3% to US$65.61 a barrel on hopes of a fuel demand recovery in the US and Europe as economic growth picks up and lockdowns ease. Gold gained 0.2% to US$1,787.11 per ounce on Friday and was poised for a third straight weekly rise. S&P/ASX 200 (INDEXASX:XJO) fell 0.24% to 7,038.8 by 12.54 pm following losses on Wall Street overnight as investors reacted to news that US President Biden could almost double the capital gains tax rate for wealthier Americans.