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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 1st, 2015 - 10:45 GMT

Qatar Airways to cancel Doha-Osaka route after slots row

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December 1st, 2015 - 09:45 GMT

Stakes high as climate change summit gets underway in Paris

Al Bawaba
December 1st, 2015 - 08:00 GMT

Russia accuses Turkey of downing jet to protect oil trade with Daesh

Al Bawaba
November 30th, 2015 - 09:18 GMT

UAE's Dana Gas, Germany's RWE reach 'amicable' agreement over Kurdish Iraq operations

Egypt imported oil from Iran prior to the 2012 sanctions. (Al Bawaba/File)
November 30th, 2015 - 04:51 GMT

With lifting of sanctions, Iran looks to export crude oil to Egypt

Al Bawaba
November 30th, 2015 - 04:29 GMT

Sky high salaries: Egypt exempts six banks from maximum wage law

Al Bawaba
November 30th, 2015 - 04:10 GMT

Saudi telecom regulator fines service providers $147M for violations

Al Bawaba
November 30th, 2015 - 12:00 GMT

Kingdom Holding secures $2.2B to complete world’s largest tower

Al Bawaba
November 30th, 2015 - 11:00 GMT

Gulf airlines eye stake in India's low-cost carrier SpiceJet

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

Iraq: KRG to deliver natural gas to Turkey and Europe by 2017

Al Bawaba
November 30th, 2015 - 09:22 GMT

Qatar launches probe after floods expose 'flawed projects', imposes travel ban on contractors

Al Bawaba
November 30th, 2015 - 08:26 GMT

Egypt's new Red Sea wind power station is the largest in MENA

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