Gold prices rose on Thursday, within recovery from a 2-week low, to head for the first gain in 4 days, as the US dollar fell against its peers. 

Gold prices rose more than 0.3% to $1,795.37 an ounce, after opening at $1,789.22, and hit a high at $1,786.64.

Gold closed lower by 0.3% yesterday, and hit its 2-week low of $1,782.36 an ounce, after strong US jobs data.

The US Department of Labor reported on Wednesday that job openings number jumped to a new record of 10.93 million in July, beating forecasts of 10.03 million, after rising to 10.07 1 million in June.

The dollar index fell 0.2% today, moving away from its 2-week high of 92.86 against a basket of major rivals. 

Dollar came under pressure from disappointing US weekly jobless claims data, and ahead of the results of the European Central Bank monetary policy meeting.

New York Federal Reserve Bank President John Williams said on Wednesday that substantial further progress is needed toward its maximum employment before tapering off monetary stimulus.

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

Euro rose in European trade against dollar away from week lows on track for the first profit in four days ahead of the European Central Bank's meeting, expected to offer strong clues on the future of monetary policy in the euro zone.

EUR/USD rose 0.15% to 1.1830, with an intraday low at 1.1811, after closing down 0.2% yesterday, marking week lows at 1.1801 following strong labor data in the US.

Investors are focused on buying up the dollar as an alternative investment after a spike in US 10-year treasury yields to two-month highs. 

The European Central Bank is wrapping up its policy meeting today, expected to shed light on recent developments in the euro zone, in particular the spike in inflation by the fastest pace in 10 years during August. 

The ECB's interest rates and policy statement will be released by 11:34 GMT, followed by ECB President Christine Lagarde's speech. 

The meeting is expected to offer clues on the future of the bonds purchases program amounting to 1.85 trillion euros a month currently. 

A bullish sentiment from the ECB will bolster the euro against major rivals while a more cautious tone will reverse gains. 

US stock indices fell on Thursday, as Dow Jones and S&P 500 fell for the third straight day, while Nasdaq closed lower for the first time in 5 sessions.

St Louis Fed President James Bullard said that the central bank should press ahead with a plan to dial down its massive pandemic stimulus programme.

This comes amid concerns over the coronavirus pandemic, especially after the new highly transmissible delta strain emerged, which sparked worries over the global economic recovery.

Goldman Sachs slashed its US economic growth forecast in 2021 to 5.7% due to concerns over the delta variant and the possibility of anther lockdown restrictions.

To the oil market, WTI crude October futures rose 1.4% or 95 cents, and closed at $69.30 a barrel.

Brent November futures rose 1.3% or 91 cents, and closed at $72.60 a barrel.

As for stocks, Dow Jones fell 0.2% or 69 points, and closed at 35,031, with a day high of 35,175, and a low of 34,925.

S&P 500 fell 0.1% or 6 points to 4,514, after hitting a high of 4,521, and a low of 4,493 points.

Nasdaq fell 0.6% or 87 points to 15,286, with a high of 15,360 and a low of 15,206.

Silver prices prices fell on Wednesday, as the dollar rose against most peers, following Federal Reserve officials' statements.

St Louis Fed President James Bullard said that the central bank should press ahead with a plan to dial down its massive pandemic stimulus programme.

This comes amid concerns over the coronavirus pandemic, especially after the new highly transmissible delta strain emerged, which sparked worries over the global economic recovery.

The dollar index rose against a basket of major currencies by 0.2% to 92.7 points as of 18:08 GMT, after hitting a high of 92.8 points and a low of 92.4 points.

As of 18:09 GMT, gold spot prices fell 1.2% to $24.06 an ounce, after hitting a high of $24.4 and a low of $23.9.