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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 2nd, 2015 - 11:10 GMT

Emirates signs new travel documentation screening agreement with German Police

Under the new plan, the number of Jordanian day workers in Eilat will increase from 150 at present to 1500. (Pixabay)
December 2nd, 2015 - 10:12 GMT

Israel's plan to expand number of Jordanian day workers at Eilat hotels on course

Al Bawaba
December 2nd, 2015 - 10:00 GMT

Saudi Aramco goes local to cut costs

Al Bawaba
December 2nd, 2015 - 08:00 GMT

Brighten up: Egypt gets a $500M EBRD boost for solar energy

Al Bawaba
December 2nd, 2015 - 07:00 GMT

Will Oman's new mining laws lure investors?

The consortium will buy 13 per cent of City Football Group, a UAE-based company that owns Manchester City, New York City Football Club, and Melbourne City Football Club. (Al Bawaba/File)
December 1st, 2015 - 11:18 GMT

Chinese consortium to invest $400M in UAE-based owner of Manchester City FC

Al Bawaba
December 1st, 2015 - 11:06 GMT

Vitol contract possible if Libya's National Oil Corp. stays independent

Al Bawaba
December 1st, 2015 - 10:21 GMT

Bahrain ready to roll as Rolls Royce releases Dawn

Al Bawaba
December 1st, 2015 - 04:05 GMT

Egypt eyes an opportunity in Turkey-Russian trade gap

Al Bawaba
December 1st, 2015 - 03:42 GMT

Egypt's garments sector in crisis over EgyptAir cargo ban on commercial flights

Al Bawaba
December 1st, 2015 - 02:24 GMT

Chinese investors drawn to opportunities in Kuwait

The SFD has signed over some $1.2B in projects for Jordan. (File photo)
December 1st, 2015 - 11:46 GMT

Saudi Fund grants $218M aid for Jordan infrastructure, development projects

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