Risk-off sentiment turns bearish as gold prices retreat amid cooling rate cut expectations
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Golden Ten Data reported on March 3 that New York gold prices fluctuated and declined in afternoon trading. Thu Lan Nguyen, an analyst at Commerzbank, said: "This is most likely because the market currently places greater emphasis on inflation risks triggered by the Middle East war, thereby reducing expectations for interest rate cuts. This also explains why the US dollar continues to strengthen."
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