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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 22nd, 2015 - 05:20 GMT

Looking for a job? 90 percent of UAE companies are hiring

“Speeding up the work of the institutions, especially the parliament, is no longer a political luxury but it is a necessary step to be taken in a bid to preserve the image of the government in the eyes of citizens and the international community,” said Lebanon's Finance Minister Ali Hasan Khalil. (Al Bawaba/File)
October 22nd, 2015 - 04:33 GMT

Lebanon FM calls on parliament to expedite foreign loan approval

Al Bawaba
October 22nd, 2015 - 03:53 GMT

Knowledge Core Education, Prince Matab sign agreement to set up schools in Saudi

Al Bawaba
October 22nd, 2015 - 02:00 GMT

UAE businesses get VAT-ready

Al Bawaba
October 22nd, 2015 - 12:30 GMT

BP lands three new exploration blocks in Egypt's Mediterranean

The spread of conflict in the region has had effects on trade, tourism, security and investor confidence. (Enikonomia.gr)
October 22nd, 2015 - 09:42 GMT

Time to cut back: IMF warns MENA to streamline spending and broaden non-oil revenue

Al Bawaba
October 22nd, 2015 - 08:49 GMT

Up and away: Air Arabia's new Jordanian hub plans new routes

Al Bawaba
October 21st, 2015 - 09:35 GMT

MENA governments, businesses increasingly targeted in cyber attacks

Al Bawaba
October 21st, 2015 - 08:57 GMT

Saudi summit to encourage and enhance venture capital

Al Bawaba
October 21st, 2015 - 08:18 GMT

Inflation lightens up a little in the UAE

Al Bawaba
October 21st, 2015 - 08:00 GMT

Egypt's central bank chief resigns, Tarek Amer selected as replacement

Al Bawaba
October 21st, 2015 - 02:57 GMT

Political tensions putting Lebanese hospitality sector at risk: industry leaders

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