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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 18th, 2015 - 11:00 GMT

OSN seals Warner Bros deal for exclusive content

Several energy companies evacuated non-essential staff from northern Iraq last year due to security risks. (Shutterstock)
November 18th, 2015 - 10:00 GMT

Maersk gets KRG go-ahead for oil field development in northern Iraq

Oil companies are waiting for the Lebanese Cabinet to pass two decrees related to the model of licensing round and delineation of the offshore gas blocks. (Shutterstock)
November 18th, 2015 - 09:00 GMT

Lebanon’s gas wealth: A golden opportunity slipping away

Al Bawaba
November 18th, 2015 - 08:00 GMT

Saudi Arabia to build region's first aeronautics college

Al Bawaba
November 17th, 2015 - 11:49 GMT

Minister seeks to avert lasting damage to French economy

Al Bawaba
November 17th, 2015 - 10:54 GMT

MENA mobile data usage to skyrocket in next five years

The contracts contain in-country value terms to support growth and industry development in Oman. (Shutterstock)
November 17th, 2015 - 09:59 GMT

Oman's PDO signs $650M in deals for centrifugal compressor projects

The aftermath of last week's twin suicide blasts in Beirut which left 37 dead and 181 injured. (AFP/Joseph Eid)
November 17th, 2015 - 03:00 GMT

Economic cost of terrorism rose to $52.9B in 2014: Global Terrorism Index

Al Bawaba
November 17th, 2015 - 02:00 GMT

Bahrain's budget deficit expected to be largest in GCC: NBK

Al Bawaba
November 17th, 2015 - 01:00 GMT

MENA's luxury market growth hit by lower tourist numbers

Al Bawaba
November 17th, 2015 - 12:00 GMT

Oman: over 16,000 deported in illegal labor crackdown

Al Bawaba
November 17th, 2015 - 11:00 GMT

MENA looks to private sector to address expected surge in youth unemployment

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