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Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets
November 10th, 2025 - 10:45 GMT
Albawaba Business

Albawaba Business

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets

ALBAWABA- Gold prices surged 2% on Monday to their highest level in two weeks, driven by mounting expectations of a Federal Reserve rate cut next month and renewed safe-haven demand amid global economic and geopolitical uncertainty. A softer U.S. dollar further bolstered bullion’s appeal. According to Reuters , spot gold climbed 2% to $4,078.45 per ounce by 09:56 GMT—its strongest level since October 27—while U.S. gold futures for December delivery ...
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Al Bawaba
December 28th, 2015 - 12:00 GMT

UAE cancels six-month employment ban

Al Bawaba
December 28th, 2015 - 11:00 GMT

Renaissance Dam talks resume in Khartoum after 'difficult' tenth round

Al Bawaba
December 28th, 2015 - 09:59 GMT

OPEC forecasts 47 percent rise in global energy demand by 2040

Al Bawaba
December 28th, 2015 - 09:39 GMT

Dubai's zero-deficit, 2016 budget targets social development and infrastructure

Al Bawaba
December 28th, 2015 - 09:23 GMT

New reservoir and pipeline to become the 'backbone of Southern West Bank infrastructure'

Al Bawaba
December 28th, 2015 - 08:15 GMT

Egyptian exports get a boost with $500M African Export-Import Bank agreement

As of November, an estimated 100,000 tons of trash have accumulated in and around Beirut. (AFP/File)
December 28th, 2015 - 07:55 GMT

Lebanon's trash crisis: campaigners want the waste at home

Al Bawaba
December 28th, 2015 - 07:06 GMT

How has the GCC reacted to the US Fed rate hike?

Work and maintenance at that airport is necessary (Image:FIle/Photo)
December 27th, 2015 - 07:51 GMT

Saudi, Gulf nationals speed through at King Khaled International Airport

Mobile phone companies operating in South Sudan have increased charges
December 27th, 2015 - 07:42 GMT

South Sudan mobile carriers hung up on devalued currency

The economic activity is expected to improve over the next two years (Image: File/Photo)
December 27th, 2015 - 07:35 GMT

More than just oil: Kuwait's private sector expects 5 percent growth

The employer has no right to stop the worker from leaving the country
December 27th, 2015 - 07:22 GMT

Third time lucky? Qatar to have another go at labour law reforms in 2016

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