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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 26th, 2015 - 09:00 GMT

Here are the top 20 most in demand MENA employers, according to LinkedIn

Al Bawaba
November 26th, 2015 - 08:00 GMT

Saudi Fund approves $100M loan for West Cairo Power Station expansion

Al Bawaba
November 26th, 2015 - 07:00 GMT

US slaps sanctions on Syrian middlemen for facilitating Daesh oil purchases

Al Bawaba
November 26th, 2015 - 06:06 GMT

Egypt's domestic tourism hit by cheap flights abroad

Dubai plans to host over 25 million visitors during World Expo 2020. (Al Bawaba/File)
November 25th, 2015 - 07:27 GMT

Expositions bureau officially declares Dubai location for World Expo 2020

Al Bawaba
November 25th, 2015 - 07:09 GMT

Emirati students hope to transform the classroom with bluetooth smart pen invention

Al Bawaba
November 25th, 2015 - 06:29 GMT

Egyptian-German trade relations on the rise

Al Bawaba
November 25th, 2015 - 01:45 GMT

Egypt plans Russian weapons purchase: Russian minister

The Binladin Group has been suspended from taking on new contracts following a crane accident at Mecca's Grand Mosque in September. (AFP/File)
November 25th, 2015 - 01:10 GMT

Saudi's Binladin Group to axe 15,000 jobs

Al Bawaba
November 25th, 2015 - 12:40 GMT

Israel, Egypt sign letter of intent for Leviathan natural gas export deal

Al Bawaba
November 25th, 2015 - 12:00 GMT

Turkey, Saudi Arabia suffered most cyberattacks in MENA this year

Al Bawaba
November 25th, 2015 - 11:25 GMT

Oil up after Saudi's comments, but will OPEC change their output strategy?

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