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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 20th, 2015 - 06:26 GMT

Jets set: Qatar pushes through with Rafale fighter aircraft purchase

Al Bawaba
December 17th, 2015 - 01:58 GMT

Netanyahu circumvents lawmakers to push through controversial gas deal

Al Bawaba
December 17th, 2015 - 01:30 GMT

Emerging markets calm following US Fed rate hike

Al Bawaba
December 17th, 2015 - 10:59 GMT

WTO cuts first major deal on eliminating tariffs on IT products

Saudi King Salman bin Abdulaziz met with Egyptian President Abdel Fattah al-Sisi during his visit to Riyadh, on March 1, 2015. (AFP/File)
December 17th, 2015 - 09:31 GMT

Saudi Arabia pledges $8B in aid and investment to Egypt

Al Bawaba
December 17th, 2015 - 08:00 GMT

World Bank touts economic inclusion 'enterprise zones' for Syrian refugees in Jordan

Al Bawaba
December 17th, 2015 - 07:00 GMT

Miserable Christmas for Beirut retailers as sales hit record low

Al Bawaba
December 17th, 2015 - 06:00 GMT

Baby out with the bathwater: did Kuwait Airways scrap NY-London route over Israeli discrimination case?

Al Bawaba
December 17th, 2015 - 05:09 GMT

Finance ministers of UN Security Council members meet to choke Daesh funding

Al Bawaba
December 16th, 2015 - 11:07 GMT

GCC implements new electronic system for customs duties

Al Bawaba
December 16th, 2015 - 10:20 GMT

Egyptian banks offer support to struggling tourism sector

Al Bawaba
December 16th, 2015 - 09:40 GMT

Tax rates, compliance demands in the Middle East among world's lowest as usual: report

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