Mubasher: Gold prices declined on Tuesday, as the US dollar recovered, while markets are still seemingly affected by the stocks markets fall, due to speculations on higher interest rates.

Gold futures decreased by 0.5%, and ended the session at 1,329.5 per ounce.

The decreasing precious metal prices come as a reaction to the rise of the dollar, as the US Dollar Index (DXY) is approaching the level of 90.