Gold extended losses on Wednesday, as bets on U.S. interest rate hikes lifted the dollar, while investors assessed conflicting signals on the U.S.-Iran peace talks. FUNDAMENTALSSpot gold fell 0.5% to $4,087.68 per ounce by 0116 GMT, hitting its lowest level since June 11. ‌U.S. gold ⁠futures ⁠for August delivery declined 1.1% to $4,105.40.The dollar hit a more than one-year high, making bullion more expensive for overseas buyers. [USD/]U.S. President Donald Trump said on Tuesday that Iran had agreed to nuclear inspections into "infinity," while Tehran said it had made no such concession in negotiations, raising ⁠questions about ‌the viability of their fragile peace deal.Traders are pricing in three interest rate hikes from ⁠the U.S. Federal Reserve this year, according to the CME FedWatch Tool. [FEDWATCH/]Investors await the U.S. Personal Consumption Expenditures data, the Fed's preferred inflation gauge, due on Thursday, for further cues on monetary policy.Dubai's commodities exchange will launch a same-day settlement gold contract, its CEO told Reuters, aiming to tap safe-haven ‌demand and faster trading infrastructure to boost liquidity in the emirate's bullion market.Ghana's Gold Board is aligning its gold pricing ⁠regime with internationally recognised LBMA benchmarks from July 1 while imposing strict caps on purchase prices to tighten market discipline and curb irregular trading, it said on Tuesday.Spot silver fell 1.1% to $61.36 per ounce, platinum lost 0.9% to $1,637.34, and palladium was down 1.2% at $1,223.29. DATA/EVENTS (GMT) 0500 Japan Chain Store Sales YY May 0800 Germany Ifo Business Climate, Curr Conditions, Expectations New Jun 1400 US New Home Sales-Units May