Gold prices declined in today's trading, falling for the first time in three sessions as investors took profits after futures jumped to their highest level since March 2014, after Brexit.

Last Friday, gold prices rose to 27-month high of $ 1,362.60 on the unexpected decision of the UK to leave the European Union, so that investors have turned to gold and other safe assets.

News raised fears that other countries may also withdraw from the block, and global growth will be under considerable pressure, while the actual British EU exit timing remain unclear.

On Monday, the rating Standard & Poor's downgraded the sovereign credit rating of the UK from "AAA" to "AA", refering to the outcome of the referendum.

At the moment, the precious metal rose in price by almost 25% for the year, helped by concerns about global growth and the introduction of negative interest rates by central banks worldwide.

The cost of the August gold futures on COMEX fell to $ 1308.2 per ounce.