Mubasher: Gold prices declined on Wednesday for the first time in three trading session, as the dollar recovered against major currencies.

The Federal Reserve issued the minutes from its latest meeting that showed a consensus regarding raising interest rates despite criticism from the President of the United States.

Trump said that he considers the Federal’s policy as his biggest threat.

The precious metal futures for December delivery went down by 0.3% and settled at the level of $1,227.40 per ounce.