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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 21st, 2015 - 10:00 GMT

Qatar denounces ITUC report on migrant workers as 'distortion of facts'

Al Bawaba
December 21st, 2015 - 09:00 GMT

Lulu Group hypermarket chain to expand in Egypt, will create 10,000 jobs

Lebanon has been upgrading their methods to combat money laundering and terrorism compliance over the last four years. (Shutterstock)
December 21st, 2015 - 08:00 GMT

US sanctions against Hezbollah unlikely to have impact: experts

Al Bawaba
December 21st, 2015 - 06:43 GMT

World Bank approves $5B loan to Egypt

Analyst expect the GCC sovereigns to seek to raise at least $15 billion in the international market next year. (File photo)
December 21st, 2015 - 06:06 GMT

Bridging the gap: GCC needs $265B to cover 2016 deficit

Al Bawaba
December 20th, 2015 - 02:00 GMT

Saudi IT spend expected to reach nearly $36B in 2016

Al Bawaba
December 20th, 2015 - 11:55 GMT

Egypt's optimistic: tourism revenue anticipated to grow ten percent in 2016

Al Bawaba
December 20th, 2015 - 11:32 GMT

Are budget prefabs the answer to Bahrain's housing crisis?

Al Bawaba
December 20th, 2015 - 10:10 GMT

Migrants comprise more than 35.6 percent of workforce in MENA: ILO

Al Habtoor once spoke in support of Trump as a 'breath of fresh air' among presidential candidates. (Twitter)
December 20th, 2015 - 08:19 GMT

Hit him where it hurts: Al Habtoor urges Arab investors to ditch Trump

Al Bawaba
December 20th, 2015 - 07:39 GMT

Gas pipeline talks back on as Israel and Turkey re-establish diplomatic relations

The Kimberley Process was established in 2003 to stop the trade in diamonds from conflict-strewn countries. (Twitter)
December 20th, 2015 - 07:06 GMT

UAE to chair the Kimberley Process, 'blood diamond' regulatory group

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