Global: International gold prices hit a record high at 2110, and Fed Bostic expected to cut interest rates twice this year
New Strategy News: International gold prices reached a record high of US$2,116 per ounce last night. It is expected to continue rising after breaking new highs this year.
According to King Ten, the Federal Reserve Bostic said that it still expects two 25 basis point interest rate cuts this year. He also said that he did not expect rate cuts to be "continuous", but that the specific situation would depend on market reaction.
