Gold prices fell on Friday, the first time in 3 days, struggling to stay above the $1800 barrier, while the US dollar rebounded against its peers.

Gold prices fell 0.5% to $1,790.92 an ounce, after opening at $1,799.45, and hit a high of $1,801.11.

Gold closed higher by 0.1% yesterday, the second straight daily gain as dollar fell against a basket of currencies.

The dollar index rose 0.2% against a basket of major rivals today, rebounding from a 1-month low of 93.27 points, which weighs down on gold and other dollar-denominated metals prices.

The recovery comes thanks to investors' interest on the greenback following its recent drop and increased bets on policy tightening in the US before yearend. 

Gold stocks at the SPDR ETF fell 0.87 metric tonnes yesterday, with the total at 982.14 metric tonnes.

Euro fell in European trade against dollar away from four-week highs on profit-taking while still on track for the third weekly profit in a row, following remarks by ECB President Christine Lagarde and ahead of important European data.

EUR/USD fell 0.2% to 1.1658, with an intraday high at 1.1690, after closing up 0.7% yesterday, the second profit in a row, and the largest since May 7.

Euro is up over 0.25% against the greenback this week, on track for the third weekly profit in a row.

Christine Lagarde said the euro zone economy continues to recover solidly with expectations to finish the emergency program to combat the virus in its predestined date. 

Investors now await a host of data, including third quarter growth data, and October inflation data for the euro zone, which could bolster the euro further. 

European growth rates are expected up 2.1% in the third quarter, down from 2.2% in the second quarter.

The euro zone's consumer prices are expected up 3.7% in October, up from 3.4% in September.

The Japanese yen rose against the US dollar on Thursday, after the release of upbeat economic data in Japan.

The Bank of Japan earlier today decided to keep the benchmark interest rate at -0.10% unchanged, which is expected move as most central banks around the world are lowering rates to stimulate their economies amid the pandemic.

Data showed today showed that the Japanese retail sales index fell by 0.6% last month, better than forecasts of a drop by 2.2%.

The first reading of the US GDP for the third quarter showed a growth of 2%, missing forecasts of 2.6%.

As of 20:23 GMT, USD/JPY fell 0.2% to 113.5, after hitting a high of 113.8 and a low of 113.2.

The major US stock indices closed higher on Thursday, lifted by relatively positive economic data and the release of strong quarterly business reports.

The US Department of Labor revealed that the number of initial unemployment claims fell to its pre-pandemic levels at 281K last week, lower than forecasts of 290K.

The first reading of the US GDP for the third quarter showed a growth of 2%, missing forecasts of 2.6%.

Concerns are growing over the rising Covid-19 cases in Russia, Western Europe and China.

To the crude market, WTI crude November futures rose 0.2% or 15 cents, to $82.81 a barrel.

Brent December futures fell 0.3% or 26 cents, to $84.32 a barrel.

As for stocks, Dow Jones rose 0.6% or 240 points, and closed at 35,730, with a day high of 35,742, and a low of 35,545.

S&P 500 rose 0.9% or 44 points to 4,596, after hitting a high of 4,597 and a low of 4,562 points.

Nasdaq rose 1.4% or 212 points to 15,448, with a high of 15,452 and a low of 15,290.