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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 12th, 2015 - 11:39 GMT

Saudi Arabia's telecom operators join forces to block free internet-based calls

Al Bawaba
November 12th, 2015 - 11:24 GMT

Dubai Airshow expected to register $100B in sales on closing day

Al Bawaba
November 12th, 2015 - 09:00 GMT

EU settlement product label guidelines: Israel cites Western Sahara, Tibet in defense

Al Bawaba
November 12th, 2015 - 08:00 GMT

Omanis victorious in battle against poor telecom service

Al Bawaba
November 12th, 2015 - 06:55 GMT

Egypt's tourism investors request special financial measures

Al Bawaba
November 12th, 2015 - 06:22 GMT

Saudi Arabia's Alpha Star Aviation to quadruple fleet by 2017

Lebanon has spent only 4 percent of its budget over twenty years on infrastructure projects, which has resulted in a deterioration of services. (File photo)
November 12th, 2015 - 05:33 GMT

Lebanon appeals to private sector to meet $6.2B of infrastructure needs

Al Bawaba
November 11th, 2015 - 10:26 GMT

There's a tax for that! GCC countries look to increase scope of taxable business activity

Subject to approval, the PBE unit will be rebranded ABK Egypt. (Gold News)
November 11th, 2015 - 02:00 GMT

Kuwait's Al Ahli Bank acquires Piraeus Bank Egypt for $150M

Al Bawaba
November 11th, 2015 - 01:30 GMT

Israel fumes as EU approves guidelines on settlement goods labeling

More testing and adequate training are among the new recommendations from Saudi's Civil Defense Department. (AFP/File)
November 11th, 2015 - 01:00 GMT

Saudi Arabia announces new safety regulations following Mecca crane tragedy

The third round of funding for Careem represents one of the largest investments in the region’s emerging technology sector. (Facebook)
November 11th, 2015 - 12:00 GMT

Uber-rival Careem gets $60M funding injection

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