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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 21st, 2015 - 12:00 GMT

Qatar trumps Singapore as top asset-rich country per capita

Al Bawaba
October 21st, 2015 - 11:00 GMT

Tougher times ahead: Lebanon's Finance Minister warns public servants risk no December pay

Al Bawaba
October 21st, 2015 - 10:24 GMT

Abu Dhabi's international financial center opens

Al Bawaba
October 21st, 2015 - 07:42 GMT

Saudi Arabia: New fines for women's dress code violations spark debate

Al Bawaba
October 20th, 2015 - 10:14 GMT

Oman exports plunge by 32.6 percent

Kuwait is the only Gulf country predicted to add more than one percentage point in 2015 and 2016. (Al Bawaba/File)
October 20th, 2015 - 06:42 GMT

IMF: Gulf growth will decelerate to less than three percent in 2016

The ships will replace older US-built combat ships. Image used for illustrative purposes. (Al Bawaba/File)
October 20th, 2015 - 05:31 GMT

US State approves $11.25B sale to Saudi navy

Al Bawaba
October 20th, 2015 - 05:14 GMT

Mazda, Galadari Automobiles find success in UAE auto market

Al Bawaba
October 20th, 2015 - 12:35 GMT

Tax reform or burning buffers? GCC approaches to the oil price slump

The $400M (LNG) project is expected to be operational by the first quarter of 2018. (Shutterstock)
October 20th, 2015 - 12:28 GMT

Bahrain plans $400M floating gas terminal

Al Bawaba
October 20th, 2015 - 10:36 GMT

Double devaluation for the Egyptian pound

Al Bawaba
October 20th, 2015 - 10:18 GMT

MENA board-rooms must go digital to compete: GITEX

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