Analyst: The Federal Reserve's rate cut is expected to exceed market expectations

Odaily Planet Daily reports that supported by expectations of the Federal Reserve further cutting interest rates 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 rate cut magnitude to exceed current market expectations, especially after Powell’s successor officially takes office as Federal Reserve Chair in May next year.” (Jin10)