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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
November 30th, 2015 - 07:43 GMT

As Israel suspends ties with EU in Palestinian peace talks, German BDS activists conduct settlement label inspections

New regulations regarding the provision of services and visa allocation have been put in place for Umrah season 1437. (File photo)
November 30th, 2015 - 06:54 GMT

Saudi Arabia: record number of Umrah pilgrims expected

Al Bawaba
November 30th, 2015 - 06:38 GMT

Jordanians protest UN agencies' G4S security contracts, firm serving Israel prisons

Oil-dependent Kuwait has suffered from the 17 months of declining oil prices. (Al Bawaba/File)
November 30th, 2015 - 12:55 GMT

Kuwait replaces oil minister amidst falling prices

Al Bawaba
November 29th, 2015 - 11:51 GMT

Cyber Monday madness hits the UAE

Al Bawaba
November 29th, 2015 - 11:13 GMT

Jumeirah plans to open in five Saudi cities

The New Suez Canal opened on August 6, 2015. (Al Bawaba/File)
November 29th, 2015 - 10:55 GMT

Sisi declares Suez Canal project area economic zone

Al Bawaba
November 29th, 2015 - 12:28 GMT

With rising consumption, Saudi Arabia throws its weight behind gas exploration

Al Bawaba
November 29th, 2015 - 11:00 GMT

Jordan to conduct population census for first time in a decade

Al Bawaba
November 29th, 2015 - 09:59 GMT

Dubai aims to be the global center of clean energy by 2050

Al Bawaba
November 29th, 2015 - 09:00 GMT

Iran woos oil and gas giants at its biggest industry event

Turkey's first nuclear power plant at Akkuyu will be built in Mersin by the Russia's Rosatom for $22B. (Shutterstock)
November 29th, 2015 - 08:00 GMT

Turkish-Russian relations: What will happen to mega projects, natural gas exports?

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