Sterling rose in European trade against dollar for third straight session, and on track to hit three-week highs touched yesterday, and the second weekly profit in a row. 

GBP/USD rose 0.4% to 1.3728, with a session-low at 1.3667, after closing up 0.1% yesterday, the second profit in a row, marking three-week highs at 1.3734. 

The dollar index fell 0.15% on Friday for the third straight session against a basket of major rivals. 

Dollar's decline came after latest Fed's minutes showed continued division among policymakers on the size of threat posed by increasing inflation, and the need to raise interest rates in response. 

Sterling is up 0.8% this week, on track for the second weekly profit in a row on expectations the Bank of England will tighten its policies following the Fed's lead.

The expectations came as the UK economy continues to grow solidly this year alongside inflation rates.

Gold prices fell on on Friday, for the first time in four days, pulling back from the 4-week high hit yesterday, on profit-taking and after a rebound in the US T-bond yields, ahead of key US data.

Gold prices fell 0.6% to $1,785.43 an ounce, after opening at $1,795.74, and hit a high of $1,796.47.

Gold closed higher by 0.2% yesterday, the third straight daily gain and hit a 4-week high at $1,800.50 an ounce, thanks to strong demand.

The 10-year US Treasury yield rose over 2% today, to head for the first gain in 4 days, within recovery from a week low.

This comes ahead of the release of the US retail sales during September, which provides cues about the US growth pace during the third quarter of 2021.

The Federal Reserve said on Wednesday that it would start cutting its bond-buying program by mid-November, but monetary policy makers remained divided over the high inflation and the extent of the need 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 982.72 metric tonnes.

The US dollar fell against most of its major counterparts on Thursday, after the Federal Reserve meeting minutes, despite the release of upbeat economic data.

The US Department of Labor revealed that the number of initial unemployment claims was at 293K last week from 329K, lower than forecasts of 315K.

The producer price index rose 0.5% in September, missing forecasts of 0.6%, while the core reading of the same index rose 0.2%, missing forecasts of 0.5%.

The Federal Reserve meeting minutes showed that the central bank's members discussed a plan to reduce asset purchases by $15 billion per month.

The Fed members expected the central bank to start cutting the pandemic bond-buying program starting Mid-November.

The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 19:05 GMT, after hitting a high of 94.09 points and a low of 93.7 points.

Silver prices rose on Thursday, as the US dollar fell against most of its peers, despite the release of upbeat economic data.

The US Department of Labor revealed that the number of initial unemployment claims was at 293K last week from 329K, lower than forecasts of 315K.

The producer price index rose 0.5% in September, missing forecasts of 0.6%, while the core reading of the same index rose 0.2%, missing forecasts of 0.5%.

The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 20:10 GMT, after hitting a high of 94.09 points and a low of 93.7 points.

Silver spot prices rose by 1.8% to $23.5 an ounce as of 20:11 GMT, after hitting a high at $23.6, and a low at $22.9..