[Analysis: Risk-aversion sentiment turns bearish, gold prices retreat as rate cut expectations cool] Deep Tide TechFlow reports, on March 3, according to Jin10 Data, New York gold prices fluctuated lower during afternoon trading. Thu Lan Nguyen, an analyst at Commerzbank, stated: 'This is likely because the market is currently placing more emphasis on the inflation risks triggered by the Middle East war, thereby reducing expectations for rate cuts. This also explains why the U.S. dollar continues to strengthen.'