Mubasher: Gold prices declined on Wednesday after data showed positive economic growth in United States.
The precious metal futures for February delivery fell 1% to settle at the level of $1,286.2 per ounce.
Data showed that American Gross Domestic Product (GDP) growth has exceeded expectations in the third quarter of 2017, rising by around 3.3%, the fastest based recorded in three years.
Gold was also affected by the hype around bitcoin which surged to unprecedented levels and exceeded $11,000 for the first time ever.
