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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 23rd, 2015 - 09:36 GMT

The world needs the moral and human side of Islamic finance: Turkish minister

Al Bawaba
November 23rd, 2015 - 08:00 GMT

Omani oil workers reinstated, future layoffs canceled despite industry losses

Al Bawaba
November 23rd, 2015 - 05:42 GMT

German department store u-turns over Israeli settlement wines stock removal

Al Bawaba
November 22nd, 2015 - 11:00 GMT

A quarter of house sales to foreign buyers in Turkey went to Gulf nationals

Al Bawaba
November 22nd, 2015 - 09:03 GMT

As post-oil world looms, UAE plans to build 'knowledge economy' with $81.7B in projects

The International Finance Corporation is a member of the World Bank Group. (Al Bawaba/File)
November 22nd, 2015 - 08:22 GMT

World Bank Group member IFC invests $27M in Souq.com

Al Bawaba
November 22nd, 2015 - 08:04 GMT

With MENA Internet use booming, digital marketing is critical to SME success

Al Bawaba
November 22nd, 2015 - 12:32 GMT

Fun central: Dubai's booming leisure industry gearing up to welcome 45 million visitors by 2020

Al Bawaba
November 22nd, 2015 - 11:31 GMT

MENA must create 100 million jobs by 2020 to meet unemployment numbers

Al Bawaba
November 22nd, 2015 - 10:51 GMT

Lower oil prices could drain Saudi FX reserves by $18B per month: report

Al Bawaba
November 22nd, 2015 - 10:01 GMT

Oman’s credit rating downgraded to 'BBB+': S&P

Al Bawaba
November 22nd, 2015 - 08:48 GMT

Saudi Arabia's new land tax aims to break real estate investors' monopoly

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