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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 29th, 2015 - 07:00 GMT

Islamic branchless banking launched in Pakistan, in an industry first

Al Bawaba
November 29th, 2015 - 05:55 GMT

Warming of ties: UAE to host new Israeli mission at International Renewable Energy Agency

Al Bawaba
November 29th, 2015 - 05:21 GMT

Jordan, UAE sign three-year agreement to support innovation, R&D, SMEs

“We have seen some significant international effort to eliminate funding lines off Daesh. This effort is being led by a number of Saudi officials," said White House spokesman Josh Earnest. (Al Bawaba/File)
November 26th, 2015 - 04:49 GMT

Efforts to cut Daesh funding led by Saudi: White House

Al Bawaba
November 26th, 2015 - 04:35 GMT

Oman's ORPIC in talks to award $4.5B contract for plastic manufacturing complex

Al Bawaba
November 26th, 2015 - 04:19 GMT

Dubai housing prices expected to continue to decline in 2016

Al Bawaba
November 26th, 2015 - 03:45 GMT

WHO: Saudi joins protocol to fight illicit tobacco trade

Al Bawaba
November 26th, 2015 - 01:30 GMT

Travelstart booking website launches Arabic version in KSA

Al Bawaba
November 26th, 2015 - 01:00 GMT

Jordan: Russian charter flights begin arriving in Aqaba, bringing hopes for tourism revival

Al Bawaba
November 26th, 2015 - 12:23 GMT

Saudization and 'feminization' in retail - a tall order to fill?

Al Bawaba
November 26th, 2015 - 10:40 GMT

Egypt's Al Azhar University to open UAE branch

Al Bawaba
November 26th, 2015 - 10:24 GMT

Bilateral trade worth $33B at risk as Russia reconsiders relations with Ankara over downed jet

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