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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 16th, 2015 - 10:28 GMT

American University of Beirut hosts TEDx talks

King Khalid International Airport will be privatised as Riyadh Airports Company in early 2016. (Al Riyadh City)
November 16th, 2015 - 09:19 GMT

Saudi Arabia to begin privatizing airports, IT sector in diversification push

Al Bawaba
November 16th, 2015 - 08:48 GMT

Turkish Airlines upholds flight ban to Sharm El-Sheikh

Al Bawaba
November 16th, 2015 - 06:41 GMT

G20 economic discussions overshadowed by Paris attacks

Al Bawaba
November 15th, 2015 - 11:23 GMT

Dubai SME recognizes top 100 firms

Al Bawaba
November 15th, 2015 - 10:41 GMT

Facebook on defense for implementing 'safety check' for attacks in Paris not Beirut

Al Bawaba
November 15th, 2015 - 06:46 GMT

New Iranian airline to take off by April

Al Bawaba
November 15th, 2015 - 05:37 GMT

Saudi to build four new industrial cities for working women

Al Bawaba
November 15th, 2015 - 02:00 GMT

Can a European tax on super-rich migrants help fund the refugee crisis?

Al Bawaba
November 15th, 2015 - 01:30 GMT

Will the new cigarette price hike smoke out Saudi's nicotine addiction problem?

Al Bawaba
November 15th, 2015 - 01:00 GMT

Demanding customers are driving hard bargains on UAE auto deals

Al Bawaba
November 15th, 2015 - 12:00 GMT

Bahrain looks to manufacturing and finance in drive to diversify

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