Mubasher: Gold prices declined by 0.6% on Tuesday to $1,270.5 per ounce.
Gold registered monthly losses of more than 1.1% during September, on the back of positive economic data from the US.
The precious metal recorded quarterly gains of 2.8% between June and September, on the back of the rising political tensions.
Investors are anticipating the selection of the new chair of the US Federal Reserve, amid expectations of maintain interest rates at its current levels.
US president Donald Trump is expected to announce his pick for the position on Thursday, with Jerome Powell reported to be the favourite candidate.
