Mubasher: Gold prices declined on Thursday for the first time in five sessions, as the dollar recovered from its mixed performance this week. 

The United States Federal Reserve's meeting minutes released on Wednesday signaled more interest-rate hikes in 2018, but also acknowledged looming risks. 

Gold futures for December delivery fell by $9.30, or 0.8%, and settled at the level of $1,194 per ounce, after rising for four consecutive sessions.