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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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The Moody's report is echoed by Standard & Poor, who predict that lower oil prices will start to weigh on Saudi Arabian banks. (File photo)
October 29th, 2015 - 11:30 GMT

Saudi spending cuts will impact banks: Moody's

Al Bawaba
October 29th, 2015 - 09:30 GMT

Not about the money: Egypt's economic headaches go beyond foreign currency woes

Al Bawaba
October 29th, 2015 - 07:41 GMT

World Bank 'Doing Business' report: what does Lebanon's ranking say about the business climate?

Economic, political, and societal rehabilitation is an essential first process for Yemen to undertake after the war. (Al Bawaba/File)
October 28th, 2015 - 09:13 GMT

Opinion: Should Yemen join the GCC once the war ends?

Al Bawaba
October 28th, 2015 - 08:58 GMT

Kuwait holds conference on SMEs in the Arab world

Al Bawaba
October 28th, 2015 - 08:44 GMT

Etihad lets customers pay for flights in cash from home

Al Bawaba
October 28th, 2015 - 03:38 GMT

MENA health care summit emphasizes innovation

Al Bawaba
October 28th, 2015 - 02:00 GMT

Etihad-Air Berlin codesharing deal goes to German court

Al Bawaba
October 28th, 2015 - 12:30 GMT

Jordan's community colleges in crisis as student numbers plummet

Al Bawaba
October 28th, 2015 - 11:00 GMT

Kuwait Airways begins expansion as vote over privatization nears

Al Bawaba
October 28th, 2015 - 08:50 GMT

New imports to break fuel monopoly in Jordan

The new amendment requires companies to publish internal laws or face fines of up to SR 50,000. (File photo)
October 28th, 2015 - 08:00 GMT

Saudi's new labor law mandates employee mediation committees

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