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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 9th, 2015 - 10:00 GMT

Jordan denies imports of natural gas from Israel

Unlike Dubai, Abu Dhabi does not have locations where affordable housing can easily be developed. (File photo)
December 9th, 2015 - 08:40 GMT

Lack of affordable housing in Abu Dhabi remains an issue despite cooling market

Investcorp has acquired the Tower Plaza office complex in San Mateo, California, located between San Francisco and Palo Alto. (Swift RP)
December 9th, 2015 - 07:00 GMT

Bahrain's Investcorp moves further into US industrial real estate

Al Bawaba
December 9th, 2015 - 05:22 GMT

Bi-annual GCC summit kicks off in Riyadh amid tight security

Al Bawaba
December 8th, 2015 - 10:16 GMT

Dana Gas claims Kurdish government owes $11B for oil-field interference

Al Bawaba
December 8th, 2015 - 09:40 GMT

New Arab Knowledge Index hopes to benefit MENA education systems

Oil is one of Daesh's primary sources of revenue. (Al Bawaba/File)
December 8th, 2015 - 06:47 GMT

Report: Taxation, oil among Daesh's main revenue sources

Al Bawaba
December 8th, 2015 - 06:00 GMT

3M: First MENA manufacturing plant to be built in KSA

Al Bawaba
December 8th, 2015 - 04:10 GMT

Time to hunker down: 20 percent of GCC companies plan salary and benefit freezes

Al Bawaba
December 8th, 2015 - 02:56 GMT

MENA to invest $670B in renewable energy over next 25 years

Al Bawaba
December 8th, 2015 - 11:55 GMT

Cairo's metro renovation gets a $109M boost from EBRD

Al Bawaba
December 8th, 2015 - 11:11 GMT

Saudi nationals dominate in only ten percent of private sector jobs

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