India, June 24 -- Gold extended losses to touch its lowest level in almost two weeks on Wednesday as investors assessed conflicting signals on U.S.-Iran peace talks and increased bets on Federal Reserve rate hikes this year.
Spot gold fell a little over 1 percent to $4,067 an ounce as the dollar index climbed to a 13-month high due to rising bets on U.S. interest rate hikes.
A risk-off mood in global financial markets on concerns over artificial intelligence firms' massive spending also boosted demand for the safe-haven dollar.
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