Gold prices fell on Tuesday, deepening losses for the second day, and pulled back from a 2-month high on correction and profit-taking, as the US dollar continued to recover against a majority of rivals. 

Gold prices fell 0.75% to $1,809.65 an ounce, after opening at $1,823.34, and hit a high at $1,827.31.

Gold closed lower by 0.2% yesterday, on profit-taking from a 2-month high of $1,834.01.

The dollar index rose 0.1% today, moving away from its 4-week low of 91.94 against a basket of major rivals. 

Dollar remains under pressure from disappointing jobs data from the US last Friday, which hurt chances of earlier policy tightening in the next two years. 

Investors await a basket of important data, including growth and consumer sentiment data for Europe. 

Gold stocks at the SPDR ETF remained unchanged yesterday, with the total at the lowest level since April 9, 2020 at 998.52 metric tonnes.

Oil prices rose on Tuesday, to head for the first daily gain in 3 days, after data showed the recovery of Chinese imports during August.

US crude rose 0.9% to $69.39 barrel, after opening at $68.79, and hit a low at $68.72, and Brent crude rose 0.9% to $72.79 a barrel, after opening at $72.16, and hit a low at $72.13.

When prices settled on Monday, US crude lost 0.45%, and Brent crude fell 0.5%, in the second consecutive daily loss, due to renewed concerns about global demand levels.

The US crude lost 0.45% yesterday, and Brent fell 0.5%, in their second straight daily loss, due to renewed global demand concerns.

Data showed that China's daily imports of oil rose 0.8% in August from July.

This spike came after refineries resumed purchases after issuing new import quotas, which is a sign on improved demand and withdrawals levels in the world's second largest consumer of fuel.

Euro fell in European trade against dollar for second straight session away from three-month highs on profit-taking, as haven demand climbs anew on the greenback before European growth data. 

EUR/USD fell 0.1% to 1.1859, with an intraday high at 1.1885, after closing down 0.1% yesterday on profit-taking away from three-month highs at 1.1909.

The dollar index rose 0.1% on Tuesday for another session away from four-week lows at 91.94 against a basket of major rivals.

Dollar's gains come on haven demand as risks climbs in global markets and investors shun high risk assets. 

Investors await a basket of important data, including growth and consumer sentiment data for Europe. 

US stock and bond markets in Wall Street closed are closed today in observance of the Labor Day holiday, and will resume on Tuesday.

On Friday Dow Jones fell 0.2% or 74 points, and closed at 35,369, and posted a weekly loss of 0.2%, a day high of 35,422, and a low of 35,269.

S&P 500 fell 0.1% or 1.5 points to 4,535, and posted weekly gains of 0.6%, after hitting a high of 4,541 and a low of 4,521.

Nasdaq rose 0.2% or 32 points to 15,363, and registered a 4% weekly gain of 1.6%, with a high of 15,375 and a low of 15,283.