Gold prices fell on tuesday after rising more than 2% in the previous session. spot gold was down 0.6% at $4:14 am. GMT. US gold futures for August delivery fell 0.9% to $4,033.90. Gold prices had jumped more than 2% to $4,100.49 an ounce on Tuesday. According to Qatar News Agency, the decrease in gold prices followed a significant rise the day before, where prices surged over 2% to reach $4,100.49 an ounce.