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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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Dubai was officially named the Expo 2020 location in November. (Al Bawaba/File)
December 16th, 2015 - 07:48 GMT

Expo 2020 team gets to work: Seventy-two contracts awarded by Expo 2020 Dubai committee

Al Bawaba
December 16th, 2015 - 02:00 GMT

Egypt: USAID grants $57M for higher education partnerships program

Al Bawaba
December 16th, 2015 - 01:01 GMT

'Visit Russia' office opens in UAE

Al Bawaba
December 16th, 2015 - 12:00 GMT

Oman to build MENA's first 'green' sebacic acid plant

Another Saudi consolate is expected to open in Erbil, according to reports. (Zawya)
December 16th, 2015 - 11:00 GMT

Saudi Arabia resumes diplomatic relations in Iraq after 25 years

Al Bawaba
December 16th, 2015 - 10:00 GMT

Cash-strapped Egypt gets a $500M loan from the African Development Bank

Al Bawaba
December 16th, 2015 - 09:00 GMT

Lebanon granted membership to EBRD

Saudi Arabia has sanctioned the Binladin Group and has prevented its executives from leaving the country pending the investigation's outcome. (AFP/File)
December 16th, 2015 - 08:00 GMT

Mecca crane tragedy: five found guilty, including government officials

Al Bawaba
December 16th, 2015 - 07:00 GMT

Dubai's ports operator DP World announces $1.9B investment in China

Marketers anticipate lower consumer demand in 2016 in the wake of weak oil prices. (Dubai Airports Connect)
December 16th, 2015 - 05:21 GMT

Austerity ahead for MENA's 'Mad Men': Advertising agencies expect budget cuts

Ethos Integrated Solutions researched 65 GCC banks through a six months' mystery shopping exercise. (Al Bawaba/File)
December 15th, 2015 - 10:44 GMT

Customer experience improving at GCC banks

Yahoo said the decision to close the Dubai office was part of the company's effort to 'streamline' the business.  (Al Bawaba/File)
December 15th, 2015 - 10:28 GMT

With Dubai office closing next year, Yahoo Middle East employees not saying 'yahoo!'

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