Gold touches a two-week low, around the $4,758-$4,757 region, during the Asian session, and remains on track to register weekly losses for the first time in five weeks. Intensifying US-Iran tensions over the Strait of Hormuz and the lack of progress in peace talks keep investors on edge. Moreover, reviving inflationary fears temper expectations for a more dovish US Federal Reserve and underpin the US Dollar, which is seen weighing on the yellow metal.