Gold prices fell on Thursday, for the first time in 5 days, and pulled back from a 1-week high due to profit-taking, while the US T-bond yields rebounded ahead of the US producer prices data.

Gold prices fell 0.4% to $1,819.07 an ounce, after opening at $1,825.89, and hit a day high at $1,828.03.

Gold gained 0.3% yesterday, the fourth daily gain in a row, and hit a 1-week high at $1,828.05.

These gains came due to the US dollar's drop against a basket of major and minor currencies, as inflation spikes in the US to 1982 highs.

The US 10-year Treasury yield rose 1.5% today, snapping the 3-day losing streak, ahead of key data in the US on producer prices during December.

Gold stocks at the SPDR ETF remained unchanged yesterday, with the total at the lowest since December 28 at 976.21 metric tonnes.

Oil prices fell on Thursday, falling for the first day in 3, after hitting a 2-month high due to profit-taking, but today's loss remains limited thanks to a drop in the US crude inventories and oil production, while the US dollar fell against its peers.

US crude fell 0.7% to $82.18 a barrel, after opening at $82.79, and hit a high at $82.91, and Brent crude fell 0.6% to $84.20 a barrel, after opening at $84.73, and hit a high at $84.94.

The US crude gained 1.8% yesterday, and hit a 2-month high at $83.07, and Brent rose 1.3% and hit the highest since November 10 at $85.18, 2.1%, following the US Energy Information Administration's weekly report..

The Energy Information Administration reported today that the US crude inventories fell 4.6 million barrels to 413.5 million barrels during the past week, while analysts forecast a drop by 2.1 million barrels, which is the lowest level since the week ending October 5, 2018.

US oil production also fell 100,000 barrels per day last week, to a total of 11.7 million barrels per day.

The dollar index fell more than 0.3% today, deepening losses for the third day in a row, and hit a 2-month low at 94.71 points.

The greenback drop lifts demand dollar-denominated commodity prices, making prices cheaper for other currencies buyers.

Euro rose in European trade against dollar for third straight session, marking two-month highs as the dollar weakens while long-term treasury yields decline as well, while prospects are changing for the ECB's monetary policy.

EUR/USD rose 0.3% to 1.1478, the highest since November 11, after closing up 0.7% yesterday, the second profit in a row, and the largest since November 26.

The dollar index fell 0.3% on Thursday, the third loss in a row, marking the third loss in a row, and hitting two-month lows at 94.71.

US 10-year treasury yields continue to tumble even as inflation spikes in the US to 1982 highs.

Fed members are repeatedly bolstering the case for multiple rate hikes in 2022, up to 4 hikes to control inflation but the dollar is nonetheless weakening.

In Europe, some analysts are expecting a rate hike in the last quarter of the year as inflation hit fresh record highs in December.

Oil prices rose on Wednesday, as the US dollar fell against most currencies, after the release of the US inventories data.

The Energy Information Administration reported today that the US crude inventories fell 4.6 million barrels to 413.3 million barrels during the past week, while analysts forecast a drop by 1.6 million barrels.

While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories fell 1.1 million barrels during the same period.

The dollar index fell against a basket of major currencies by 0.7% to 94.9 points as of 19:28 GMT, after hitting a high of 95.6 points and a low of 94.9 points.

WTI February futures rose 2% to $82.8 a barrel, as of 19:25 GMT.

Brent March futures rose 1.4% to $84.9 a barrel.