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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 8th, 2015 - 12:00 GMT

Saudi's private schools risk subsidy cuts for failing Saudization criteria

Keeping levels of diligence high can keep regional banks competitive and accessible to international finance systems. (Shutterstock)
November 8th, 2015 - 10:00 GMT

MENA businesses expect higher spending to fight financial crime: EY

Al Bawaba
November 8th, 2015 - 08:00 GMT

Meager lift for GCC economy in 2016: Euler Hermes

Al Bawaba
November 8th, 2015 - 07:00 GMT

Bahrain lifts travel ban for indebted expats, in unprecedented amnesty

Al Bawaba
November 8th, 2015 - 06:00 GMT

Egypt's tourism ministry in crisis mode as it scrambles to save industry

The US accuses China-based Adel Mohammed Cherri and his company of procuring deadly equipment for Hezbollah. (Wikimedia Commons)
November 8th, 2015 - 05:00 GMT

Lebanese businessmen placed on US sanctions list for alleged Hezbollah links

Russian tourists wearing Putin shirts at the airport in Sharm El-Sheikh, November 6 2015. (AFP/Mohamed El Shahed)
November 7th, 2015 - 06:41 GMT

First Russians tourists head home from Sharm El-Sheikh

Al Bawaba
November 5th, 2015 - 09:56 GMT

Refugees may give EU economy a short term boost

Al Bawaba
November 5th, 2015 - 09:29 GMT

Experts expect MENA healthcare spending to reach $144B by 2020

Al Bawaba
November 5th, 2015 - 08:55 GMT

Fears keep tourists away from Egypt

Al Bawaba
November 5th, 2015 - 01:00 GMT

MENA's private aviation industry to be worth $10B over next decade

Al Bawaba
November 5th, 2015 - 12:00 GMT

Migrant workers make up 95 percent of Jordan's agricultural laborers

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