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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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To combat lower revenues from falling oil prices, the government has raised the debt ceiling to and issued bonds. (Shutterstock)
December 22nd, 2015 - 08:30 GMT

Bahrain budget cuts are 'just the beginning': finance minister

Al Bawaba
December 22nd, 2015 - 08:30 GMT

Al Marjan Island woos Chinese partners to create 'Ibiza of the Middle East'

The airline serves halal food, does not serve alcohol, and there are prayers prior to departure. (Twitter)
December 22nd, 2015 - 07:30 GMT

Introducing Rayani Air, Malaysia's first Sharia-compliant airline

The project will produce energy from carbon free resources, displacing 235,000 tons of carbon dioxide emissions annually. (Shutterstock)
December 22nd, 2015 - 07:08 GMT

MENA's largest wind farm opens in Jordan

Al Bawaba
December 21st, 2015 - 09:39 GMT

UAB, Aegean close $120M credit facility

Al Bawaba
December 21st, 2015 - 09:16 GMT

Devaluation of pound necessary to promote growth in Egypt: EFG Hermes

Al Bawaba
December 21st, 2015 - 09:01 GMT

Three million new homes needed in Saudi by 2025 to meet demands of rapid population growth

Al Bawaba
December 21st, 2015 - 08:46 GMT

Havas wins contract for Sony MENA PR

Early this year the government announced that expats would only be allowed in to replace those who were leaving. (DehiDilse Today)
December 21st, 2015 - 03:00 GMT

Mid-life crisis? Kuwait to expel expat public sector workers over age 50

Al Bawaba
December 21st, 2015 - 02:00 GMT

Russian oil exports to Asia make a dent in market share battle with OPEC

Al Bawaba
December 21st, 2015 - 01:00 GMT

Securing Europe: Bahrain's Investcorp acquires SecureLink cybersecurity firm

Al Bawaba
December 21st, 2015 - 11:00 GMT

OPINION: Does Jordan need to violate WTO rules to save its manufacturing industry?

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