TechFlow News: On February 12, according to JINSHI Data, gold prices edged lower in early trading, with New York futures gold holding steady below the $5,100 mark. Stronger-than-expected U.S. nonfarm payrolls data and a decline in the unemployment rate have dampened market expectations for near-term Federal Reserve rate cuts. “Renewed focus on the latest economic data suggests markets are gradually normalizing after recent heightened volatility. Meanwhile, the upcoming Chinese Spring Festival holiday may further suppress risk appetite and liquidity,” said analysts at Saxo Bank.
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