(Updates prices, details)
    * Dollar, yields ease off multi-year highs
    * Gold up about 1.4% so far in week
    * Asian shares track Wall Street higher

    By Asha Sistla
    April 14 (Reuters) - Gold prices edged lower on Thursday as
riskier assets firmed, but bullion was still set for a second
straight weekly gain driven by safe-haven demand stemming from
the Ukraine crisis and broadening inflationary pressures.
    Spot gold        eased 0.3% to $1,972.17 per ounce, as of
0713 GMT, after a six-session winning streak. U.S. gold futures
       were down 0.4% at $1,977.20.
    Asian shares tracked Wall Street higher on hopes that U.S.
inflation may be close to peaking, though several major central
banks raised rates aggressively.                         
    However, gold has gained about 1.4% so far in the week. Most
markets will be closed on Friday for a holiday.
    "Political risk premium through the Ukraine war escalation
is building again, which pushed all prices higher in general
commodities and that's really creating that inflation
environment," said Stephen Innes, managing partner at SPI Asset
Management.
    U.S. monthly producer prices increased by the most in more
than 12 years in March amid strong demand for goods and
services, the latest sign of persistently high inflation that
could compel the Federal Reserve to aggressively tighten
monetary policy.              
    "Gold at this moment is trending and it's supported mainly
by what we have heard from the Fed, the U.S. inflation (data),"
said Brian Lan, managing director at dealer GoldSilver Central.
    Meanwhile, U.S. President Joe Biden announced an additional
$800 million in military assistance to Ukraine on Wednesday,
ahead of a wider Russian assault expected in eastern Ukraine.
            
    Non-yielding bullion is considered a safe store of value
during uncertain times and a hedge against inflation.
    The U.S. dollar index        eased off May 2020 highs
following a dip in Treasury yields, making zero-yield gold more
attractive for other currency holders.             
    Spot silver        dropped 0.2% to $25.68 per ounce,
platinum        dipped 0.2% to $984.21, while palladium       
rose 1.8% to $2,357.36.

 (Reporting by Asha Sistla and additional reporting by Bharat
Govind Gautam in Bengaluru; Editing by Subhranshu Sahu and
Uttaresh.V)