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[Commerzbank: Fed Rate Cuts Expected to Exceed Market Expectations] Driven by expectations of further rate cuts by the Federal Reserve next year and ongoing geopolitical uncertainties fueling safe-haven demand, gold prices continue to rise. Analysts at Commerzbank stated that although there are signs that the Fed may pause rate cuts at its next meeting in January, the door remains open for further rate cuts thereafter. They expect the extent of the rate cuts to exceed current market expectations, especially after Powell's successor officially takes office as Fed Chair in May next year.