Gold prices rose on Thursday, extending gains for the third day, as the US dollar fell against most major currencies, especially after two Federal Reserve members' comments about the future of US interest rate hike.

Gold prices rose 0.45% to $1,789.50 an ounce, after opening at $1,781.55, and hit a low of $1,780.83.

Gold closed gained 0.75% yesterday, the second straight daily gain, as the US dollar fell against its peers.

The dollar index rose 0.1% on Thursday away from three-week lows at 93.49 against a basket of major rivals, which weighs down on dollar-denominated metals prices.

Two members of the Federal Reserve said on Wednesday that while the Fed must start cutting its stimulus measures, it is too early for an interest rate hike.

Gold stocks at the SPDR ETF remained unchanged yesterday, with the total at the lowest level since April 3, 2020 of 980.10 metric tonnes.

Sterling fell in European trade against dollar away from five-week highs, and on track for the first loss in three days on profit-taking.

GBP/USD fell 0.25% to 1.3792, with the highest since 1.3833, after closing up 0.2% yesterday, the second profit in a row. 

Sterling marked five-week highs against dollar at 1.3855, as the dollar index declines against most rivals, while investors expect Bank of England to tighten the monetary policy soon following bullish remarks by Governor Andrew Bailey.

The dollar index rose 0.1% on Thursday away from three-week lows at 93.49 against a basket of major rivals.

US 10-year treasury yields rose to five-month highs on strong prospects for monetary policy tightening in the US.

The US dollar fell against most currencies on Wednesday, amid focus on the third quarter's corporate earnings season.

The White House revealed a plan to vaccinate children from 5 to 11 years old against the coronavirus.

The US Food and Drug Administration fully approved the Pfizer-BioNTech Covid-19 vaccine, after clinical tests proved its safety for use, and the vaccine was also tested on children and proven safe.

Netflix stock fell 1.7% to $627.9 as of 14:16 GMT, despite the company's announcement of more new subscribers in the third quarter, and profits and revenues that topped analysts' expectations.

The dollar index fell against a basket of major currencies by less than 0.2% to 93.5 points as of 18:58 GMT, after hitting a high of 93.8 points and a low of 93.5 points.

Gold prices rose on Wednesday, as the US dollar fell against most currencies, amid focus on the corporate earnings season.

The White House revealed a plan to vaccinate children from 5 to 11 years old against the coronavirus.

The US Food and Drug Administration fully approved the Pfizer-BioNTech Covid-19 vaccine, after clinical tests proved its safety for use, and the vaccine was also tested on children and proven safe.

The dollar index fell against a basket of major currencies by less than 0.2% to 93.5 points as of 19:04 GMT, after hitting a high of 93.8 points and a low of 93.5 points.

Gold spot futures rose 0.9% to $1,786.6 an ounce as of 19:05 GMT, after hitting a day high of $1789.6 and a low of $1767.1.