The US dollar fell against a basket of its peers on Tuesday to resume its losses after holding yesterday, diving near its 3-month low, as the greenback is still being weighed down by the disappointing US jobs data of last week.

The dollar index fell 0.2% to 90.06 points, after opening at 90.23 points, and hit a high of 90.35 points.

The US dollar gained 0.1% yesterday, within recovery attempts from a 3-month low of 90.04 points.

The greenback lost 1.2% last week, and posted its biggest weekly loss this year, due to the improved risk appetite.

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.

Investors await later today several members of the US Federal Reserve's speeches, which ought to provide more cues about the futures of the US interest rates and the bond-buying program.

Oil prices continued to fall as the US market opened on Tuesday, to resume losses and fall to a 1-week low 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, ahead of the US crude inventories data by the American Petroleum Institute.

US crude fell 1.5% to $63.90, after opening at $64.89, and hit a day high at $64.99, and Brent crude fell 1.1% to the lowest since May 4 at $67.38, 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 American Petroleum Institute will release its preliminary report on the US crude inventories, amid the US Energy Information Administration will release the official data on Wednesday.

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.