Mubasher: Gold prices decreased on Tuesday, as the US dollar continued the upwards trend.

Investors were seeking other safe haven investments during the second trading session of the week, amidst rising concerns of a trade war between the United States and China.

The precious metal futures for August delivery went down 0.1% and settled at the level of $1,278.60 per ounce, near its lowest close since last December.

Meanwhile, spot gold fell 0.2% near the end of the session, settling at $1,275.66 per ounce.