Gold price down over 30% from record high. Is this correction the start of a bear market?

Gold has corrected more than 30% from its record high of nearly $5,600, with prices hovering around the $4,000 mark and turning negative for the year. Spot gold declined 0.8% to $4,129.36 per ounce as a stronger US dollar and focus on interest rates weighed on prices, despite continued central bank buying and geopolitical tensions. Experts believe the weakness is cyclical rather than structural, with the long-term investment case remaining intact, and see potential for gold to climb back toward $4,400 in the coming weeks.