Analysis: Risk-aversion sentiment shifts to negative, and gold prices retreat as rate-cut expectations cool down
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Analysis: Risk-aversion sentiment shifts to negative, and gold prices retreat as rate-cut expectations cool down
According to JIN10 Data, New York gold prices fluctuated downward during the afternoon session. Thu Lan Nguyen, an analyst at Commerzbank, stated: “This is likely because the market is currently placing greater emphasis on inflation risks triggered by the Middle East war, thereby scaling back expectations for interest rate cuts. This also explains why the U.S. dollar continues to strengthen.”
Navigating Web3 tides with focused insightsTechFlow news: On March 3, according to JINSHI Data, New York gold prices fluctuated downward during afternoon trading. Thu Lan Nguyen, an analyst at Commerzbank, stated: “This is likely because the market is currently placing greater emphasis on inflation risks triggered by the Middle East conflict, thereby scaling back expectations for interest rate cuts. This also explains why the U.S. dollar continues to strengthen.”
