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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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Canada has a proportionally larger Muslim population than the US. (File photo)
December 6th, 2015 - 07:38 GMT

Canada poised to become regional hub for Islamic finance

Al Bawaba
December 6th, 2015 - 05:57 GMT

Emirates and Malaysia Airlines ink monumental codeshare deal

Al Bawaba
December 6th, 2015 - 05:00 GMT

Keep on pumpin': OPEC meeting ends with no change in output quotas

Al Bawaba
December 3rd, 2015 - 05:56 GMT

Gaseous clashes: EMG claims no knowledge of Dolphinus-Israel deal

Al Bawaba
December 3rd, 2015 - 05:16 GMT

UAE tire market rolling strong

Al Bawaba
December 3rd, 2015 - 04:59 GMT

GCC's a pretty great place to be an expat if money's on your mind

Al Bawaba
December 3rd, 2015 - 04:39 GMT

Kurdish oil payments confirmed by Norwegian DNO

Al Bawaba
December 3rd, 2015 - 03:17 GMT

Gold to get a Sharia standard for financial transactions

Al Bawaba
December 3rd, 2015 - 01:01 GMT

Gender equality could boost global economy by $13 trillion: Deutsche Bank

Al Bawaba
December 3rd, 2015 - 11:45 GMT

Industry leaders converge on Bahrain for the 2015 World Islamic Banking Conference

Al Bawaba
December 3rd, 2015 - 11:24 GMT

Round ten! Renaissance Dam talks back on between Egypt, Sudan and Ethiopia

Al Bawaba
December 3rd, 2015 - 11:02 GMT

Israel plans 'obstacles' for EU countries who backed settlement product labels

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