Analyst: Expectation that the Federal Reserve will cut interest rates more than market expectations

Odaily Planet Daily Reported that supported by the anticipation of further rate cuts by the Federal Reserve next year and ongoing geopolitical uncertainties driving safe-haven demand, gold prices continued to rise. A Deutsche Bank analyst stated: "Although there are signs that the next Federal Reserve meeting in January may pause rate cuts, the door for further rate cuts remains open. We expect the magnitude of the rate cut to exceed current market expectations, especially after Powell's successor officially takes over as Federal Reserve Chair in May next year." (Jin10)