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International Business Times
International Business Times
Business

FORGOTTEN HISTORY: Stocks rise gold hits record as rate cuts and shutdown loom | History Defined

US Senate Minority Leader Chuck Schumer (L), and House Minority Leader Hakeem Jeffries met Donald Trump and top Republicans but were unable to reach an agreement (Credit: AFP)

Equities rallied for a second day and gold hit another record Tuesday on growing Federal Reserve interest rate optimism, though traders were preparing for a possible US government shutdown that could affect the release of key economic data.

A string of closely watched indicators has recently supported investor expectations that the US central bank will lower borrowing costs twice more this year, having done so this month for the first time since December.

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