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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 15th, 2015 - 11:00 GMT

Saudi's sport and fitness sector valued at $20B over next five years: report

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November 15th, 2015 - 10:00 GMT

Jordan receives $138M aid from Germany

Al Bawaba
November 15th, 2015 - 09:00 GMT

Russia, Iran and OPEC battle for European oil market share

Al Bawaba
November 15th, 2015 - 08:00 GMT

Egypt's tourism ministry in crisis talks with Russia after 'surprise' EgyptAir flight ban

Al Bawaba
November 15th, 2015 - 07:00 GMT

Turkey: G20 summit expected to give $215M boost to Antalya tourism

Al Bawaba
November 14th, 2015 - 06:20 GMT

France suspends Schengen agreement following Paris terror attacks

Al Bawaba
November 13th, 2015 - 04:14 GMT

EgyptAir banned from flying to Russia

Al Bawaba
November 12th, 2015 - 09:08 GMT

King's College Hospital London to open new 100-bed hospital in Dubai

Al Bawaba
November 12th, 2015 - 08:39 GMT

White Friday is the new Black Friday and Souq.com is planning some big sales this year

Al Bawaba
November 12th, 2015 - 06:15 GMT

Egypt to accommodate residents of flooded governorate of Beheira in new village

Al Bawaba
November 12th, 2015 - 05:54 GMT

Got a bank account in the UAE or Lebanon? Watch out for cybercriminals!

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November 12th, 2015 - 11:56 GMT

Majid Al Futtaim unveils $91M City Centre Muscat redevelopment

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