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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 17th, 2015 - 10:00 GMT

After gas discovery, Egypt aims for energy self-sufficiency by 2022

Al Bawaba
November 17th, 2015 - 09:13 GMT

What a waste: Lebanon's trash crisis is a concern for the Arab world too

Al Bawaba
November 17th, 2015 - 08:19 GMT

UAE to invest $18B towards creating an innovation-based economy

Al Bawaba
November 17th, 2015 - 07:15 GMT

US State Department approves $1.29B arms deal to Saudi Arabia

Previously, Arabtec said it would build one million homes in Egypt. It is unclear whether the 13,000 homes are included in the project. (Al Bawaba/File)
November 16th, 2015 - 07:24 GMT

Arabtec seeks approval to build 13,000 homes in Egypt

Al Bawaba
November 16th, 2015 - 06:53 GMT

MENA stocks drop to 2015 lows in aftermath of Paris attacks, oil slump

Al Bawaba
November 16th, 2015 - 06:38 GMT

MENA education conference calls for innovative methods

Al Bawaba
November 16th, 2015 - 05:43 GMT

After a week of supercars and luxury, Dubai Motor Show comes to a close

Al Bawaba
November 16th, 2015 - 01:00 GMT

Hungary to defy new EU settlement label guidelines: Foreign Minister

Al Bawaba
November 16th, 2015 - 12:00 GMT

GCC trails behind in digital banking: EY

Al Bawaba
November 16th, 2015 - 11:22 GMT

G20: IMF chief highlights potential for growth in Islamic financing

Al Bawaba
November 16th, 2015 - 11:04 GMT

OPINION: With controversy surrounding migrant labor, Qatar's new slavery museum is sending mixed messages

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