Woofun AI data shows gold is on course for its most significant monthly decline since October 2008, alongside its first quarterly drop since 2024 and the largest since Q2 2013. Marex analyst Edward Meir stated that high inflation, persistent interest rate expectations, and a robust dollar have overshadowed traditional support factors for the metal.

OCBC Bank strategist Christopher Wong indicated that bulls require a shift in real yields, a weaker dollar, or reduced Fed hawkishness to sustain gains. Without such catalysts, price rebounds are viewed as unsustainable, with consolidation below previous highs remaining the likely scenario.