India, June 24 -- Gold prices continued to fall on Wednesday and stayed close to a two-week low. Spot gold was down 1.1% at $4,067.72 per ounce after touching an intraday low of $4,050.60. U.S. Gold Futures also fell. Futures dropped 1.6% to $4,083.60 per ounce. Gold is now trading just above the important $4,000 per ounce level, which many investors are watching closely.

Gold has fallen in five of the last six trading sessions, showing continued weakness in prices, according to Yahoo Finance. Gold has also recorded three straight weekly losses. One of the main reasons gold prices are falling is the stronger U.S. dollar. The U.S. Dollar Index (DXY) has risen to its highest level in 13 months.

When the dollar becomes stronger, gold becom...