Gold prices rose on Tuesday, to extend gains for the fifth straight day near the 3-month high hit yesterday, while the US dollar fell against a basket of its peers.

Gold prices rose 0.3% to $1,841.51 an ounce, after opening at $1,835.96, and hit a low of $1,831.29.

Gold gained 0.3% yesterday, and posted its fourth straight daily gain, and hit a 3-month high at $1,845.43.

Gold prices gained 3.5% last week, the biggest weekly gain since July 2020.

The US dollar index fell by 0.2% today, to resume its losses after holding yesterday, diving near its 3-month low of 90.04 points.

The US Federal Reserve repeatedly assured that interest rates will remain low while continuing to buy bonds until inflation rises and the labor market fully recovers, this came after the release of disappointing jobs data, which lowered bets for early tightening of US monetary policy before 2023.

The US economy added just over a quarter of the expected jobs during April, and the unemployment rate rose unexpectedly.

Gold stocks at the SPDR ETF remained unchanged yesterday, with the total at the highest level since April 8, 2020 at 1,025.15 metric tonnes.

Oil prices fell on Tuesday, to resume losses on concerns over weak demand in India, as the Covid-19 crisis continues to worsen, which forced the government to tighten the lockdown restrictions all over the country..

US crude fell 1.2% to $64.12, after opening at $64.89, and hit a day high at $64.99, and Brent crude fell 1.1% to $67.52, after opening at $68.28, and hit a day high at $68.36.

US crude gained 0.1% yesterday, and Brent crude futures rose less than 0.1%, in the first gain in 4 days, after a cyberattack forced Colonial Pipeline company to shutdown the main US pipelines.

The coronavirus crisis continued to escalate in India despite local and global efforts to contain it, with rising new cases and deaths to new record levels.

Covid-19 cases have surpassed 23 million people, which makes India the second worst country impacted by the pandemic.

With overwhelmed hospitals and morgues, and deaths continued to mount, the Indian authorities tightened the lockdown restrictions in large parts of India, which weighs down on fuel demand in the world's third largest oil consumer, which forced refiners to cut operations.

The US dollar held against most major currencies, amid focus on news of the cyberattack in the US.

US energy companies rebounded amid fears over disrupting oil supplies, after a cyberattack forced the US largest fuel pipeline to shutdown.

The World Health Organization declared the new mutated variant of the Covid-19 virus in India, which caused a lot of concern around the world.

Data showed last week that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.

The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.

The dollar index held against a basket of currencies at 90.2 points as of 19:23 GMT, after it hit a high of 90.3 points and a low of 90.04 points.

Silver prices closed flat on Monday, as the dollar held against most major currencies, amid focus on news of the cyberattack in the US.

US energy companies rebounded amid fears over disrupting oil supplies, after a cyberattack forced the US largest fuel pipeline to shutdown.

The World Health Organization declared the new mutated variant of the Covid-19 virus in India, which caused a lot of concern around the world.

Data showed last week that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.

The dollar index held against a basket of currencies at 90.2 points as of 21:28 GMT, after it hit a high of 90.3 points and a low of 90.04 points.

Silver July futures held at $27.48 an ounce, after posting a gain of 6% last week.