May 15 (Reuters) - Gold prices fell to their lowest level in more than a week on Friday and were on track for a weekly loss as rising energy prices exacerbated concerns about inflation and interest rates remaining high for longer, while investors focused on the meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

By 0205 GMT, spot gold had extended its losses for a fourth straight session, falling 0.8% to $4,613.19 an ounce, its lowest level since May 6. Gold has dropped 2.1% so far this week.

U.S. gold futures for June delivery fell 1.4 percent to $4,619.

The dollar has risen by more than one percent since the start of the week, making gold, which is priced in the US currency, more expensive for holders of other currencies.

Tim Waterr, chief market analyst at KCM Trade, said, "Gold is under pressure from all sides - rising oil prices have pushed inflation concerns to the forefront, driving up bond yields and the dollar, leaving the precious metal an unfortunate victim of renewed market doubts about interest rate cuts."

The yield on benchmark 10-year U.S. Treasury bonds rose to its highest level in nearly a year, increasing the opportunity cost of holding gold.

Brent crude gained 5.5 percent this week to trade above $106 a barrel as the conflict with Iran dragged on and the Strait of Hormuz remained largely closed.

Gold has fallen by about 13 percent since the war began in late February, and energy prices have risen, fueling inflation fears and increasing the likelihood of a U.S. interest rate hike.

A series of inflation reports this week showed the risk that other goods and services could be affected by rising energy prices, weakening hopes for a near-term cut in US interest rates.

On the geopolitical front, Trump and Xi Jinping are meeting today at the conclusion of a two-day official visit.

As for other precious metals, silver fell 3.1 percent to $80.93 an ounce in spot trading, platinum lost 1.7 percent to $2,021.75, and palladium dropped 0.9 percent to $1,423.75.