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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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The projects are scheduled to be completed in 18-24 months (Image: file/photo)
December 27th, 2015 - 06:56 GMT

Jordan: A brighter 2016 with more solar energy projects on the horizon

Al Bawaba
December 27th, 2015 - 06:54 GMT

Private deposits with Oman banks up 8%

Al Bawaba
December 24th, 2015 - 02:51 GMT

Tunisian President calls for Saudi investments

Oman's corporate income tax would rise to 15 per cent. (File photo)
December 24th, 2015 - 01:03 GMT

Oman considers upping corporate income tax by 3 percent to face falling oil prices

Al Bawaba
December 24th, 2015 - 12:24 GMT

UAE, Masdar sign agreement for marine conservation, healthy aqua-farming ecosystem

Al Bawaba
December 23rd, 2015 - 11:27 GMT

Egypt's IDA approves 181 new industrial investment projects

Al Bawaba
December 23rd, 2015 - 01:30 GMT

UN reiterates plea to Israel to compensate Lebanon for 2006 oil spill

Al Bawaba
December 23rd, 2015 - 01:00 GMT

Internet searches for Islamic financial products surge in MENA

Al Bawaba
December 23rd, 2015 - 11:47 GMT

Saudi bookstore joins boycott of Trump products

Al Bawaba
December 23rd, 2015 - 11:00 GMT

UN passes resolution supporting Palestinian sovereignty over natural resources

Al Bawaba
December 23rd, 2015 - 10:00 GMT

Cutting Oman's $8.3M deficit is a bitter pill to swallow

Al Bawaba
December 23rd, 2015 - 09:00 GMT

Ras Al Khaimah's public sector to go digital with Cisco Systems

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