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Analysis: Risk aversion sentiment shifts to bearish, and gold prices retreat as interest rate cut expectations cool down.
Deep Tide TechFlow News, March 3 — According to Jin10 Data, New York gold prices fluctuated and declined during afternoon trading. Thu Lan Nguyen, an analyst at Deutsche Bank, said, “This is most likely because the market is currently more focused on inflation risks triggered by the Middle East conflict, which has reduced expectations for interest rate cuts. This also explains why the dollar continues to strengthen.”