* Gold hits lowest level since Feb. 4 at $1,798.86/oz
    * Silver prices dip about 6% so far this week
    * Platinum, palladium also set for weekly losses 

 (Updates prices)
    By Ashitha Shivaprasad
    May 13 (Reuters) - Gold fell more than 1% on Friday and is
set for its fourth straight weekly decline, as the dollar's
strong run with more aggressive U.S. interest rates on the
horizon sapped appetite for bullion.
    Spot gold  XAU=  fell 0.7% to $1,808.89 per ounce by 01:54
p.m. EDT (1754 GMT), after hitting its lowest since Feb. 4 at
$1,798.86. It has declined nearly 4% this week. 
    U.S. gold futures  GCv1  settled down 0.9% at $1,808.20.
    U.S. Federal Reserve Chair Jerome Powell said on Thursday
that the battle to control inflation would "include some pain",
as the impact of higher interest rates is felt.  urn:newsml:reuters.com:*:nS0N2UR07B
    "Gold is being weighed down as the Fed has been committed to
raise interest rates at a fast pace and in addition, the dollar
has been extremely strong," said David Meger, director of metals
trading at High Ridge Futures.
    "Going forward, the inflation numbers are what the market
will closely watch." 
    The dollar index  .DXY  was set for a sixth consecutive
weekly gain, hovering near a 20-year high.  USD/ 
    Although seen as an inflation hedge, bullion yields no
interest and is sensitive to rising U.S. short-term interest
rates and bond yields.
    "A rebound in global stock markets amid less risk aversion
in the marketplace to end the trading week is also a negative
for the safe-haven metals," said Kitco senior analyst Jim Wycoff
in a note. 
    Growth stocks led a rebound in Wall Street's main indexes.
 .N   MKTS/GLOB 
    Spot silver  XAG=  rose 1.6% to $20.98 per ounce, but has
fallen about 6% this week, the most since late January.
    Platinum  XPT=  fell 0.8% to $936.51. Palladium  XPD= 
gained 1.5% to $1,936.83, after falling over 8% on Thursday. 
    "Overwhelming concerns about supply disruptions in Russia
take precedence in palladium market and there is active buying
into dips as prices have come down dramatically," added Meger. 

 (Reporting by Ashitha Shivaprasad in Bengaluru; Editing by
Rashmi Aich and Shailesh Kuber)
 ((Ashitha.Shivaprasad@thomsonreuters.com;))