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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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The latest impetus has risen on the agenda following Israel's announcement of plans to exploit gas reserves off the southern coast. (File photo)
December 13th, 2015 - 10:00 GMT

Will Lebanon finally pave the way for approval of gas exploration tender?

While GCC banks have adequate liquidity, Fitch says that banking performance indicators will be affected by lower credit demand and rising funding costs. (Shutterstock)
December 13th, 2015 - 09:14 GMT

Cheap oil hits GCC banks’ ratings: Fitch

Al Bawaba
December 13th, 2015 - 07:30 GMT

A yen for something different: UAE seeks more trading partners in wake of Sino-slump

Al Bawaba
December 13th, 2015 - 05:11 GMT

COP21: 'Historic' climate change deal reached in Paris, but is it enough?

Al Bawaba
December 10th, 2015 - 11:59 GMT

November brings Egypt's highest inflation rate increase in six months

Al Bawaba
December 10th, 2015 - 11:33 GMT

Public cloud services to take MENA by storm in 2016

Al Bawaba
December 10th, 2015 - 08:32 GMT

Trump takes a tumble: Trump's name and face removed from Dubai real estate development ad

The project will benefit 500,000 residents in 79 Egyptian villages. (Al Bawaba/File)
December 10th, 2015 - 06:56 GMT

EU awards $35m grant to Egypt for wastewater program

Al Bawaba
December 10th, 2015 - 02:00 GMT

United Airlines to end Washington-Dubai route: a case of sour grapes?

Al Bawaba
December 10th, 2015 - 01:30 GMT

Egypt to invest $20B to build housing for the poor

Al Bawaba
December 10th, 2015 - 01:00 GMT

Dubai to host third Global Islamic Economy Summit

In 2008, $6.1B was smuggled out of Egypt, according to the Global Financial Integrity report. (Shutterstock)
December 10th, 2015 - 12:00 GMT

Dirty cash flows in MENA: the Global Financial Integrity report

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