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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 24th, 2015 - 10:18 GMT

Not app-ening? Internet-based calling apps won't be blocked in Saudi Arabia

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November 24th, 2015 - 09:37 GMT

Iran's economy will outperform MENA once sanctions are lifted: IIF report

Al Bawaba
November 24th, 2015 - 06:16 GMT

Israel mulls gas exports to Egypt despite massive Zohr discovery

Al Bawaba
November 24th, 2015 - 05:51 GMT

Jordan to host bilateral economic forum with the UAE

Al Bawaba
November 24th, 2015 - 12:23 GMT

Emirates Group hopes to improve efficiency with driverless cars

Though GCC governments depend heavily on oil revenue, declining oil prices are pressuring them to diversify their sources of revenue. (Al Bawaba/File)
November 24th, 2015 - 12:03 GMT

Building strain of falling oil prices may accelerate GCC reforms

Al Bawaba
November 23rd, 2015 - 11:26 GMT

MENA-based Lulu hypermarket to expand to Malaysia

Al Bawaba
November 23rd, 2015 - 02:00 GMT

Google initiative is training thousands of Egyptian youth to develop mobile apps

Al Bawaba
November 23rd, 2015 - 01:24 GMT

Dubai luxury hotel operator Jumeirah has Saudi Arabia in its sights

Al Bawaba
November 23rd, 2015 - 12:36 GMT

Bahrain hosts GCC symposium on combating terror-funding in non-profits

Al Bawaba
November 23rd, 2015 - 11:03 GMT

OPINION: Is the market really flooded with surplus oil?

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November 23rd, 2015 - 10:19 GMT

Recruitment website Wuzzuf plans massive Gulf expansion

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