Gold price continues to fall. Spot gold fell 0.5 per cent to $4,087.68 per ounce, hitting its lowest level since June 11. ‌U.S. gold ⁠futures ⁠for August delivery declined 1.1 per cent to $4,105.40. Spot silver fell 1.1 per cent to $61.36 per ounce, platinum lost 0.9 per cent to $1,637.34, and palladium was down 1.2 per cent at $1,223.29.Why is Gold Price Falling?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. The dollar hit a more than one-year high, making bullion more expensive for overseas buyers.This comes as 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.U. S Fed Impact, Other FactorsTraders are ​pricing in three interest rate hikes from ⁠the U.S. Federal Reserve this year, according to ​the CME FedWatch Tool. 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.