Mubasher: Gold prices declined for the third session in a row, as the US dollar rose on the back of calming trade war threats.

The yellow metal is still trading near its lowest level in six months, as the USD surged to its highest level against a basket of major currencies this year.

Gold futures for August delivery lost 0.3% to the level of $1,256.10 per ounce.

Meanwhile, spot gold neared the level of $1,254.60 near the end of Wednesday's trading session.