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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 1st, 2015 - 01:00 GMT

Saudi targets staycationers and pilgrims with $11.6B in tourism projects underway

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November 1st, 2015 - 11:30 GMT

Mounting losses at Egypt's Mahalla textile plant as workers' demands unresolved

Al Bawaba
November 1st, 2015 - 10:00 GMT

EU delivers $13.8M financial aid to vulnerable Palestinian families

Al Bawaba
November 1st, 2015 - 09:00 GMT

Islamic fashion gets a social media boost

Al Bawaba
November 1st, 2015 - 06:28 GMT

Educators mull pan-GCC university access

Al Bawaba
November 1st, 2015 - 06:07 GMT

UAE: Nakheel to partner with Thailand's Centara for Deira Islands beachfront resort

Al Bawaba
November 1st, 2015 - 05:00 GMT

Saudi disputes S&P credit ratings downgrade

Al Bawaba
October 29th, 2015 - 07:19 GMT

Apple opens first two stores in Arab world

Several major Saudi and international mining companies are participating in the event. (Al Bawaba/File)
October 29th, 2015 - 06:39 GMT

Saudi holds its first international mining and minerals conference

Al Bawaba
October 29th, 2015 - 05:54 GMT

Moody's assigns Oman's sukuk definitive A1 rating

Al Bawaba
October 29th, 2015 - 05:02 GMT

EU to sign $74.6M grant to deliver natural gas to homes in Egypt

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October 29th, 2015 - 01:00 GMT

Qatar continues Big Apple onslaught with stake in Manhattan West mega-development

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