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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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ArabiaWeather serves 35 million customers in the GCC. (YouTube)
November 10th, 2015 - 04:38 GMT

ArabiaWeather announces sunny funding round of $5M

Al Bawaba
November 10th, 2015 - 01:30 GMT

Dubai Airshow inks nearly $30B in deals

Al Bawaba
November 10th, 2015 - 01:10 GMT

'At least two weeks to reconfirm Egypt airport security': Russia

Al Bawaba
November 10th, 2015 - 10:00 GMT

GCC must focus on private sector, job creation: IMF

Al Bawaba
November 10th, 2015 - 08:30 GMT

Egypt's stock exchange tumbles under pressure

Al Bawaba
November 10th, 2015 - 07:00 GMT

Trade with South America up by 156 percent: Arab-South American Summit

Al Bawaba
November 10th, 2015 - 05:08 GMT

Oil production and prices in the spotlight at ADIPEC

Al Bawaba
November 9th, 2015 - 07:19 GMT

As healthcare advances, MENA experts discuss keeping up, regional challenges

Al Bawaba
November 9th, 2015 - 06:51 GMT

Emirates, GE Aviation sign $16B deal for aircraft engine maintenance

Last month, BAE Systems inked a £5.8B deal to sell Eurofighter Typhoon combat jets to Kuwait. (File photo)
November 9th, 2015 - 03:00 GMT

UK defense firms court GCC customers, but low oil bites

Al Bawaba
November 9th, 2015 - 02:30 GMT

Pass financial compliance bills or risk international blacklist: Lebanon's SIC

Al Bawaba
November 9th, 2015 - 02:00 GMT

Jordan to tackle unemployment and training with $56M EU grant

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