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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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A tourist passes through the security check at Sharm El Sheikh Airport. (AFP/File)
December 23rd, 2015 - 08:00 GMT

Egypt appoints UK-based Control Risks consultancy to assess airport security

Al Bawaba
December 23rd, 2015 - 07:00 GMT

As UAE mulls VAT, income expected to remain tax free

Al Bawaba
December 23rd, 2015 - 05:48 GMT

Lebanon: high times for hashish farmers, survival for Syrian refugees

Al Bawaba
December 23rd, 2015 - 04:27 GMT

Kuwait to loan Egypt $1.5B for Sinai development projects

Al Bawaba
December 22nd, 2015 - 11:18 GMT

Cross-border IPOs drop 53 per cent in 2015

Al Bawaba
December 22nd, 2015 - 11:05 GMT

LuLu Group opens first hypermarket in Egypt

Al Bawaba
December 22nd, 2015 - 07:12 GMT

Dewa receives 21 RFQs for solar park project

Al Bawaba
December 22nd, 2015 - 02:00 GMT

Up to 30,000 illegal domestic helpers in Jordan are 'invisible': study

Al Bawaba
December 22nd, 2015 - 01:30 GMT

Qatar National Bank acquires Turkish Finansbank for $2.94B

Al Bawaba
December 22nd, 2015 - 12:52 GMT

By land, air, sea: over half a million Umrah pilgrims arrive for new season

Al Bawaba
December 22nd, 2015 - 11:30 GMT

Jordan: economic inclusion of refugees requires investment partnerships

Al Bawaba
December 22nd, 2015 - 10:30 GMT

Egypt's women-only buses: 'it's not about harassment'

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