Gold prices fall below $4000, marking the worst quarterly performance since 2013

Affected by concerns about interest rate hikes by the Federal Reserve and the strengthening of the US dollar, gold prices fell below $4000 per ounce. Analysts from Shengbao Bank stated that the market has not yet attracted enough buying to establish this level as a support level. Gold prices fell 14% in the second quarter, marking the worst quarterly performance since 2013. In early trading in the European market, New York gold futures fell 1.6% to $3974 per ounce, while the US dollar index rose 0.2% to $101.37.