Gold price drops below $4,000, down 12% in June - biggest monthly decline since 2008: what lies ahead?

Gold prices have slipped below the key $4,000 mark, trading around $3,960, marking a roughly 12% decline in June and the steepest monthly fall since 2008. Analysts cite ongoing volatility linked to US interest rates and geopolitical developments, though oversold conditions could trigger a near-term rebound. Long-term fundamentals for the metal remain supportive amid persistent macro uncertainty.