Gold prices fell slightly on Tuesday to continue losses for the third day in a row, as the dollar strengthened against a basket of currencies, in addition to slowing the demand for safe haven assets as improved risk appetite in the global markets.

Gold prices fell by 0.1% to 10:10 GMT to trade at $ 1.311.00 per ounce from the opening level of $ 1,311.96, and recorded the highest level of $ 1,315.34, and the lowest level of $ 1,310.73.

Gold prices fell 0.5% on Monday, the second daily loss in a row, with corrections and profit taking from a nine-month high of $ 1,326.25 an ounce.

Prices of gold rose 1.15% over the past week, the second weekly gain in a row, in support of higher demand for safe assets, and with the prospect of raising US interest rates this year after the results of the first meeting of the Federal Reserve in 2019.

The dollar index rose around 0.25% on Tuesday, extending its fourth straight day of gains, reaching a two-week high of 95.71 points, reflecting the continued rise of the US dollar against a basket of major and minor currencies.

The rise in the US dollar as US Treasury yields rose 9 basis points over two days as global risk appetite improved, optimistic that a US-China trade agreement could be reached.