Gold is currently at $1,176.80 (+0.02%) an ounce. The non-interest-paying metal has declined for a fourth session in a row amid a stronger dollar and equity markets' optimism about Greek debt agreement.

Gold is losing its appeal as a safe-haven asset as Greek officials express confidence that a deal with Greece's international lenders will be reached soon.

Gold is also experiencing pressure from expectations that the Federal Reserve will raise rates this year. The dollar's strength is also a negative factor for bullion.

Physical demand in Asia remained weak.