Gold price outlook, July 1 -- Gold prices continued to slide on Wednesday, extending losses for a third straight session as rising US Treasury yields, a stronger dollar and growing expectations of a Federal Reserve interest rate hike weighed on investor sentiment.

The precious metal has shed 12% in June, putting it on track for its fourth consecutive monthly decline. Before this, the biggest monthly fall was 18.5% in October 2008.

Moreover, bullion is also set for its first quarterly decline since 2024 and its largest quarterly fall since the June quarter of 2013, as the Iran war sent energy prices sharply higher, stoking inflation fears and boosting expectations of interest rate hikes. Moreover, rising US Treasury yields and growing be...