Mubasher: Gold prices saw a slide on Tuesday early morning amid a process of profit-taking before the US Federal meeting that is expected to hike interest rates, said analysts.
By 4:15 GMT, spot gold fell by 0.32% to $1322.90 per ounce.
US gold futures for August delivery slipped 0.3% to $1318.2 per ounce.
In spite of this decline, US dollar index decreased 0.08% to 97.20 against a basket of currency after reaching the highest levels in three months.
Ahead of the US Federal meeting and amid speculations about raising interest rates, caution is reigning over gold's and dollar's trades, said market analyst Kareem Raghb.
Gold prices, if holding above $1,320, will likely target the resistance mark at $1,337 and $1,374 respectively, Raghb expected.
Investors are advised to engage in trades cautiously and with low volumes to avoid any possible market volatility before today's Federal meeting.
