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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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November 11th, 2015 - 11:17 GMT

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November 11th, 2015 - 11:00 GMT

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November 11th, 2015 - 10:00 GMT

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November 11th, 2015 - 09:00 GMT

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Grand Hyatt Kuwait will be designed by RTKL Architects, which also designed the existing 360 Mall. (248am)
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November 11th, 2015 - 07:00 GMT

Jordan expected to reap $3B a year from oil pipeline plan wtih Iraq

Al Bawaba
November 11th, 2015 - 06:00 GMT

The rich downsize too: MidEast private jets worth $646.9M up for sale

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November 10th, 2015 - 06:53 GMT

World's smallest pacemaker implanted for first time ever by two Saudi hospitals

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November 10th, 2015 - 06:23 GMT

Lebanon purchases six A-29 Super Tucano aircraft

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November 10th, 2015 - 06:06 GMT

Dubai business activity slows to 68-month low

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November 10th, 2015 - 05:51 GMT

Industry stakeholders seek solution as congestion builds in MENA airspace

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November 10th, 2015 - 05:00 GMT

Oman to cut costs in response to low oil prices

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