Gold dips below $4,000 as June loss hits 12%, its steepest decline since 2008
Gold slipped under $4,000, closing June down 12% – the biggest monthly drop since 2008. The slide was driven by higher US Treasury yields, a firmer dollar and fears of another Fed rate hike, compounded by lingering US‑Iran tensions. The oversold market may set up a short‑term rebound, but volatility remains.