Gold price outlook, July 7 -- Gold's slide from its record high of nearly $5,600 has now extended beyond 30%, with prices hovering around the $4,000 mark. The sharp correction has pushed the precious metal into negative territory for the year, prompting investors to reassess the factors that had fuelled its historic rally. The decline has come despite continued geopolitical uncertainty and sustained central bank buying, suggesting that markets have shifted their focus from safe-haven demand to interest rates, bond yields and broader financial conditions.

The weakness persisted on Tuesday, with gold falling for a second straight session as a stronger US dollar weighed on prices while investors awaited the release of the Federal Reserve's ...