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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 15th, 2015 - 02:00 GMT

Qatar Airways lands sponsorship deal with CNN's 'In 24 Hours' travel show

Al Bawaba
December 15th, 2015 - 12:00 GMT

Too little, too late? Egypt to commission international firm to review airport security

Al Bawaba
December 15th, 2015 - 09:50 GMT

Knesset blocks Netanyahu's gas field development plan

Al Bawaba
December 15th, 2015 - 08:12 GMT

UAE helps the medicine go down: prices slashed on 142 prescription drugs

Al Bawaba
December 15th, 2015 - 07:00 GMT

Dragon City Chinatown to open in Bahrain this month

Al Bawaba
December 15th, 2015 - 06:00 GMT

Egypt's 'the only way out' for Israeli gas: minister

Doha's spiral mosque, located in the Qatar Islamic Culture Center. (Shutterstock/monotoomono)
December 15th, 2015 - 05:18 GMT

State of the Arab World Economy report 2016: Diversify, tax, slash subsidies

Al Bawaba
December 14th, 2015 - 11:54 GMT

Iran looks to ban import of over 200 US-made goods

According to a United Nations report, 2,000 to 3,000 Daesh members are currently in Libya. (Al Bawaba/File)
December 14th, 2015 - 10:37 GMT

France warns of Daesh's growing mission for oil in Libya

Chinese President Xi Jinping (Al Bawaba/File)
December 14th, 2015 - 09:56 GMT

With $10B fund UAE, China look to strengthen economic partnership

The US is looking to freeze financial assets linked to Daesh, as well as blacklisting companies proven to have Daesh connections.   (AFP/File)
December 14th, 2015 - 03:08 GMT

Egypt joins forces with the US to combat Daesh funding

Al Bawaba
December 14th, 2015 - 01:06 GMT

Lebanon: Orascom denies telecoms tender withdrawal is politically motivated

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