Gold prices fell on Tuesday, and gave up a 2-week high hit yesterday due to profit-taking, to head for the first daily loss in 4 days, as the US dollar rose against its peers.

Gold prices fell 0.8% to $1,755.35 an ounce, after opening at $1,769.93, and hit a high of $1,769.94.

Gold closed higher by 0.5% yesterday, the third straight daily gain and hit a 2-week high at $1,770.55 an ounce, after a massive sell-off wave on US stocks after Facebook's applications stopped working.

The dollar index rose 0.2% today, the first profit in 4 days against a basket of major rivals.

The recovery comes amid increased investor interest on the greenback following increased bets on policy tightening in the US before yearend. 

The US Department of Labor will release the monthly jobs report on Friday, which could increase the chances of policy tightening in the US before a interest rate hike.

Gold stocks at the SPDR ETF remained unchanged yesterday, with the total at the lowest level since April 7, 2020 of 986.54 metric tonnes.

Sterling rose in European trade for the fourth straight session against dollar away from nine-month lows, while concerns over a fuel supply shortage in Britain faded as the army intervened to refuel stations amid an extreme shortage of truck drivers.

GBP/USD rose 0.2% to 1.3627, with an intraday low at 1.3584.

GBP/USD rose 0.5% yesterday, the third profit in a row away from nine-month lows at 1.3411.

Sterling's gains have put a stop to dollar's ascending wave against a basket of major rivals.

Otherwise, UK army members undertook deliveries for major fuel inventories and stations amid an extreme shortage in truck drivers, while the governments seeks more workers.

US stock indices fell on Monday, weighed down by the sharp losses in the tech sector, and amid concerns about the rise in the Treasury bond yields.

Facebook's stock lost around 5% after the company's applications Messenger, WhatsApp and Instagram became inaccessible hours ago as of writing this article.

Data showed that the US durable goods orders index rose by 1.2% during September.

Meanwhile, Evergrande's real estate crisis continues to grow, especially after the suspension of trading on the company's shares today on the Hong Kong Stock Exchange.

To the oil market, WTI crude November futures rose 2.3% or $1.74, and closed at $77.62 a barrel.

Brent December futures rose 2.5% or $1.98, and closed at $81.26 a barrel.

As for stocks, Dow Jones fell 0.9% or 323 points, and closed at 34,003, with a day high of 34,410, and a low of 33,821.

S&P 500 fell 1.3% or 56 points to 4,300, after hitting a high of 4,355 and a low of 4,278 points.

Nasdaq fell 2.1% or 311 points to 14,255, with a high of 14,499 and a low of 14,181.

Silver prices rose on Monday, as the US dollar fell against most of its peers, amid a broad sell-off wave in the US stock market.

Evergrande's real estate crisis continues to grow, especially after the suspension of trading on the company's shares today on the Hong Kong Stock Exchange.

The US Department of Labor will release the monthly jobs report on Friday, which shows the unemployment rate and personal income.

The dollar index fell against a basket of major currencies by 0.2% to 93.8 points as of 19:44 GMT, after hitting a high of 94.1 points and a low of 93.7 points.

Stock and bond markets in China are closed today in observance of the National Day holiday, and will continue for the next three days, to resume activity on Friday.

Gold spot prices rose 0.4% to $22.6 an ounce as of 19:44 GMT, with a day high at $22.8, and a low at $22.2.