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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 15th, 2015 - 02:00 GMT

Jordan's private tourism firms eye Russian, MICE markets

Al Bawaba
October 15th, 2015 - 11:00 GMT

Despite construction boom, MENA hotels see reduced occupancy

Al Bawaba
October 15th, 2015 - 10:44 GMT

Indonesia denies domestic worker recall from MENA

Al Bawaba
October 15th, 2015 - 10:16 GMT

Gulf banks back off aircraft financing

Al Bawaba
October 15th, 2015 - 09:35 GMT

Qatar defies oil price slump with salary increases: Hay

Egyptian Financial Minister Hany Kadry Dimian (Al Bawaba/File)
October 14th, 2015 - 07:25 GMT

World Bank to loan Egypt $3B

Al Bawaba
October 14th, 2015 - 07:02 GMT

Yemen's Marib Governate to withhold oil revenues from Houthis

Dr. Siddiqi suggested a ban on smoking shisha in public sector buildings. (Al Bawaba/File)
October 14th, 2015 - 06:24 GMT

Experts call for a 'bad choices' tax on tobacco to improve MENA health

Kuwait plans to build a new refinery near the Saudi border. (Shutterstock)
October 14th, 2015 - 05:56 GMT

Kuwait signs $13.2B contracts for new oil refinery

Al Bawaba
October 14th, 2015 - 05:30 GMT

More workers than jobs in Egyptian agriculture

Al Bawaba
October 14th, 2015 - 02:00 GMT

Favorable outlook for GCC insurance industry with growth forecast at $62.1B by 2020

Al Bawaba
October 14th, 2015 - 01:00 GMT

Iraq: Petrofac lands multi-million dollar training contract with Shell

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