To update prices and add details

May 21 (Reuters) - Gold prices fell on Thursday, pressured by rising Treasury yields and a stronger dollar, but hopes for a resolution to the U.S.-Iran conflict limited losses.

The price of gold fell 0.3 percent in spot trading to $4,528.03 per ounce by 0611 GMT. Gold prices had risen more than 1 percent on Wednesday after falling earlier in the day to their lowest level since March 30.

U.S. gold futures for June delivery fell 0.1 percent to $4,528.90 .

The dollar rose 0.1 percent, making gold priced in the U.S. currency more expensive for holders of other currencies.

ANZ analyst Soni Kumari said, "Inflation expectations, rising yields, and a stronger dollar are the factors keeping gold prices under pressure. These factors will remain in place until it becomes clear how long the conflict will last."

Gold has fallen by more than 14 percent since the war began on February 28, and tends to decline with expectations of rising interest rates.

Iran said it was studying the latest response the United States had sent to end the war, after US President Donald Trump indicated Washington was prepared to wait a few days "to get the right answers" from Tehran.

The yield on the 10-year US Treasury note rose by one basis point to 4.578 percent, continuing its upward trend and ending a three-day losing streak.

Expectations are growing that the Federal Reserve (the US central bank) may tighten monetary policy this year. According to FedWatch, a service of the CME Group, there is a 39 percent probability that the Fed will raise interest rates by 25 basis points in December.

Minutes from the Federal Reserve meeting in April showed that a majority of the Fed's monetary policymakers felt that "monetary tightening as much as possible would likely be appropriate" if inflation remained above the target rate of two percent.

Kelvin Wong, a market analyst at OANDA, expects gold to remain lower in the coming sessions, with resistance at $4,645 and support at $4,456.

As for other precious metals, silver fell 1.1 percent to $75.19 an ounce in spot trading, platinum lost 0.9 percent to $1,933.13 , and palladium dropped 0.8 percent to $1,359.20 .