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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 25th, 2015 - 10:55 GMT

Mecca's Grand Mosque Mataf expansion nears completion

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November 25th, 2015 - 10:26 GMT

Stock markets react as Turkey downs Russian plane

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November 25th, 2015 - 07:11 GMT

Egypt's infrastructure projects get a $1.5B boost from Kuwait fund

Al Bawaba
November 25th, 2015 - 06:42 GMT

Will the British Gas deal in Cyprus mean a lucky break for Lebanon?

Fakih IVF is looking to expand within the UAE and the GCC region. (Courtesy of Godubai.com)
November 24th, 2015 - 10:18 GMT

NMC Health Signs $189.5 Million Deal to Acquire Majority Shareholding of Fakih IVF Group

Al Bawaba
November 24th, 2015 - 09:52 GMT

Glowork wins social entrepreneurship award for female career-building platform

Al Bawaba
November 24th, 2015 - 05:22 GMT

Chinese oil company to invest $10M in Egypt

Al Bawaba
November 24th, 2015 - 04:37 GMT

Sun, surf and trash? Solar-powered 'smart bins' with Wi-Fi coming to the UAE

Al Bawaba
November 24th, 2015 - 02:00 GMT

Smartwatch banking to hit 100 million users by 2020: report

Al Bawaba
November 24th, 2015 - 01:00 GMT

UAE Innovation Week: Sheikh Mohammed launches $544M innovation fund

Al Bawaba
November 24th, 2015 - 12:00 GMT

Al Jazeera's beIN seals five-year deal with Front Row Filmed Entertainment

Al Bawaba
November 24th, 2015 - 10:40 GMT

UAE banks slash hundreds of jobs in response to difficult economy

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