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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
October 26th, 2015 - 05:35 GMT

Saudia to take 19 aircraft out of service

Emirates NBD launched MePAY, a peer-to-peer payments platform. (Al Bawaba/File)
October 25th, 2015 - 08:53 GMT

UAE banks embrace cutting-edge technology to offer new mobile solutions

Al Bawaba
October 25th, 2015 - 08:07 GMT

Paying it safe: Middle East physical security market to reach $11B by 2020

Al Bawaba
October 25th, 2015 - 07:20 GMT

Egypt's Social Housing Program offers 34,491 new housing units

Emirates airlines carries more passengers than any other airline in the Middle East. (Al Bawaba/File)
October 25th, 2015 - 06:09 GMT

Emirates Group flies above Middle East competitors as region's largest airline

Al Bawaba
October 25th, 2015 - 05:49 GMT

Quality counts: MENA employers using retention to measure quality of hire

Al Bawaba
October 25th, 2015 - 12:48 GMT

Mada founder and journalist arrested for allegedly harming 'Egypt's national security'

The Humanitarian Relief Foundation said it produces about 200,000 loaves of bread a day for Syrians. (AFP/File)
October 25th, 2015 - 10:23 GMT

Turkish aid agency campaigns for flour donations to Syria

Jordan's economy is expected to show down this year, cutting its growth rate from 3.1 percent to 2.5 percent. (AFP/File)
October 25th, 2015 - 10:01 GMT

Jordan’s 2016 budget expects a GDP growth of 3.7 percent

Al Bawaba
October 25th, 2015 - 08:33 GMT

Brotherhood businessman arrested after ‘plotting to smuggle foreign currency’ out of Egypt

Al Bawaba
October 25th, 2015 - 08:01 GMT

Airbnb takes off in the UAE as more visitors look for affordable stays

Al Bawaba
October 22nd, 2015 - 05:33 GMT

Smoking may kill, but it also boosts Egyptian tax revenue big time

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