Concurrently, the US 10-year bond yield experienced a notable increase, rising by 10 basis points to 3.97%. In response, the price of gold declined by 1%, reflecting the changing market dynamics. #FedRateCut #NonFarmPayrolls #MarketExpectations #USBondYield #GoldPrices #MarketAnalysis

After the release of the better-than-expected non-farm payrolls data in the US, expectations for a Fed rate cut in March have waned in the money markets. The non-farm payrolls data for the last two months was revised upwards by 126 thousand, contributing to a shift in sentiment.#FedRateCut #NonFarmPayrolls #MarketExpectations #USBondYield #GoldPrices #MarketAnalysis