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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 3rd, 2015 - 11:00 GMT

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November 3rd, 2015 - 10:00 GMT

Qatar opens $825M migrant worker city

Al Bawaba
November 3rd, 2015 - 09:00 GMT

World Islamic Economic Forum kicks off in Kuala Lumpur

Al Bawaba
November 3rd, 2015 - 08:59 GMT

Saudi businesses highlight flaws in new labor law

Al Bawaba
November 3rd, 2015 - 08:00 GMT

Egypt's international tourism campaign suspended indefinitely over Russian plane crash

Al Bawaba
November 3rd, 2015 - 07:00 GMT

Controversial Golan Heights oil drilling gets two-year extension

Al Bawaba
November 2nd, 2015 - 06:17 GMT

GE CEO promotes company's digital initiatives in Dubai

Al Bawaba
November 2nd, 2015 - 05:33 GMT

Saudi to raise water tariff by 50 percent

Lufthansa and Air France-KLM will avoid flying over Sinai until a cause of the crash is determined. (Al Bawaba/File)
November 2nd, 2015 - 05:13 GMT

Egypt's FM calls airlines avoiding Sinai 'irresponsible'

Some Lebanese military officials had not been paid in 45 days. (Al Bawaba/File)
November 2nd, 2015 - 04:56 GMT

Lebanon to pay overdue military salaries

Emaar Properties is a global property developer based in Dubai. (AFP/File)
November 2nd, 2015 - 04:43 GMT

Prosperous properties: Emaar sees 31 percent leap in Q3 profit

Al Bawaba
November 2nd, 2015 - 02:00 GMT

Egyptian billionaire Nassef Sawiris becomes Adidas’ largest investor

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