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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 14th, 2015 - 11:13 GMT

Dam talks: what are Egypt's options if negotiations fail?

Al Bawaba
December 14th, 2015 - 10:00 GMT

Lebanon has much to gain from climate deal, if money is spent properly

Al Bawaba
December 14th, 2015 - 09:05 GMT

Who loses out? Jordan introduces visa restrictions at Aqaba-Eilat crossing

Al Bawaba
December 14th, 2015 - 06:30 GMT

Gulf stocks take a tumble with oil at seven-year low

Al Bawaba
December 13th, 2015 - 10:50 GMT

Dubai Festival City Mall to wow customers with 'mega media' lights and water show

Al Bawaba
December 13th, 2015 - 09:58 GMT

ITIDA to support Egyptian startups with innovation centers, $20M fund

As many UAE residents shop for Chistmas, they realize just how expensive toys can be. (Shutterstock)
December 13th, 2015 - 09:28 GMT

Kids play and and parents pay as UAE toys and games market reaches $1B

Al Bawaba
December 13th, 2015 - 08:43 GMT

Experts: MENA schools should foster entrepreneurs

Al Bawaba
December 13th, 2015 - 02:00 GMT

Egypt denies claims that Renaissance Dam talks have failed

The centre will also help in facilitation of trade exchanges and strengthening the role of the state and the emirate in industry and trade areas. (File photo)
December 13th, 2015 - 01:37 GMT

Islamic economy takes center stage with new Emirates Global Centre for Accreditation

Al Fanar Mall, Kuwait. (Q8 Living)
December 13th, 2015 - 12:00 GMT

GCC firms fear higher operating costs with new VAT: survey

Al Bawaba
December 13th, 2015 - 11:00 GMT

Jordan eyes African markets in bid to boost exports

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