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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 9th, 2015 - 01:00 GMT

Qatar's kafala law reforms 'merely cosmetic': Anti-Slavery International

A preliminary investigation blamed strong winds and inappropriate position of the crane for the tragedy. (AFP/File)
November 9th, 2015 - 12:00 GMT

Mecca crane collapse investigation nears completion

Al Bawaba
November 9th, 2015 - 11:00 GMT

Egypt's stock market slides in the wake of Russian plane crash

The first batch of Saudi-funded French arms was received with fanfare in Lebanon in April. (AFP/File)
November 9th, 2015 - 10:00 GMT

Lebanon's PM to discuss Saudi-funded weapons deal in Riyadh

Al Bawaba
November 9th, 2015 - 09:00 GMT

Fears over 'indecency’ stymie beachfront development plans in Bahrain

Al Bawaba
November 9th, 2015 - 08:00 GMT

Saudi Arabia: As megaprojects push ahead, pressure mounts to improve living conditions for workers

Al Bawaba
November 9th, 2015 - 07:00 GMT

Subdued start to Dubai Airshow with no major orders announced

Al Bawaba
November 8th, 2015 - 09:14 GMT

Egypt to build 4,000 km of new roads in 2016

Al Bawaba
November 8th, 2015 - 08:58 GMT

How about that tasty Aussie meat! UAE imports $162M in food products from Australia each year

The InterContinental Riyadh (Al Bawaba/File)
November 8th, 2015 - 05:23 GMT

Saudi Arabia ranks among top countries for hotel development

Al Bawaba
November 8th, 2015 - 02:00 GMT

Customers and innovation are the victims of 'stifled competition': Etihad CEO

Al Bawaba
November 8th, 2015 - 01:00 GMT

Lebanon receives additional $26.8M EU grant

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