Mubasher: Gold prices declined during Tuesday’s trades for the first time in four sessions.

By 8:05 am GMT, gold futures, for August delivery, went down 0.06% to $1288.60 per ounce, while spot gold dropped by 0.2% to $1283.04 an ounce.

The US dollar index, which measures the US currency against a basket of six major currencies, rose by about 0.2% to 97.787.

Investors cautiously await the political and economic outcomes after the European Union parliamentary elections witnessed a polarisation of the 28-member block and the UK Prime Minster Theresa May announced her resignation.