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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 20th, 2015 - 09:56 GMT

Abu Dhabi hosts World Halal Travel Summit

Al Bawaba
October 20th, 2015 - 07:55 GMT

Arab publishing industry lags behind: Shaikha Bodour

“Businessmen associations, such as the Chamber of Commerce, Association of Lebanese Industrialists and the Association of Lebanese banks, must be active in promoting sustainability,” said CSR Lebanon founder Khaled Kassar. (Al Bawaba/File)
October 19th, 2015 - 09:32 GMT

CSR Lebanon founder urges private sector to take on social responsibility initiatives

Al Bawaba
October 19th, 2015 - 08:37 GMT

Halalbooking plans $1B IPO in three years

 “I don’t think the problem is with expats driving. It’s a fact that people here don’t share cars, Omanis or expats. Most cars you see on the roads have one person or two. If you want to cut the traffic then have car pools where people can share car journeys (for free) or get a bus system in place," said one Facebook user. (Twitter)
October 19th, 2015 - 08:02 GMT

As Oman limits expat driving licenses, residents call for better public transportation

The scammers attempted a fraudulent money transfer between Saudi Aramco and India's Oil and Natural Gas Corporation. (Al Bawaba/File)
October 19th, 2015 - 07:16 GMT

Scammers fail to fool Saudi Aramco with fraud attempt

Al Bawaba
October 19th, 2015 - 12:00 GMT

Millionaires in MENA: 500,000 by 2020 according to Credit Suisse

Al Bawaba
October 19th, 2015 - 11:34 GMT

Saudi Arabia: Gucci opens largest store in Jeddah

Al Bawaba
October 19th, 2015 - 10:28 GMT

Gitex Technology Week brings five days of the latest tech developments to Dubai

Al Bawaba
October 19th, 2015 - 10:02 GMT

Lebanon has highest loan penetration rate in the Arab world

Al Bawaba
October 18th, 2015 - 08:55 GMT

UAE, New Zealand sign solar power deal

Al Bawaba
October 18th, 2015 - 07:49 GMT

MENA sees 22 percent drop in investment banking fees for first nine months

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