Oil prices fell as the US dollar bounced off early lows and as Wall Street slumped after opening higher. The US dollar rallied from 14-month lows versus the euro as riskier assets like commodities and US equities fell. New York's main contract, light sweet crude for delivery in December, shed $US1.82 to end at $US76.68 per barrel. Gold experienced its biggest fall in more than a week after the US dollar rebounded, eroding the appeal of the precious metal as an alternative asset. Gold contracts for December delivery fell $US13.60, or 1.3 per cent, to settle at $US1,042.80 an ounce on the New York Mercantile Exchange. The metal had gained for four straight weeks, while the US dollar dropped for three consecutive weeks against other currencies. December silver lost 62.8 cents to $US17.095 an ounce. December copper futures fell 2.35 cents to $US3.011 a pound.

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