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Gold extends rally as weak jobs data fuels hopes for fed rate cut
August 5th, 2025 - 07:33 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Gold extends rally as weak jobs data fuels hopes for fed rate cut

ALBAWABA- Gold prices climbed for the fourth consecutive session on Monday, buoyed by a weakening U.S. dollar and falling Treasury yields, after disappointing U.S. jobs data increased expectations of an interest rate cut by the Federal Reserve in September. Spot gold rose by 0.1% to $3,375.89 per ounce, while U.S. gold futures also edged up 0.1% to $3,430.40. The yield on the benchmark 10-year U.S. Treasury note dropped to its ...
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Qatar’s tourism sector has proven to be a promising market for investors and businesses.
September 29th, 2019 - 09:30 GMT

Qatar’s Tourism Sector Grows at 11 Percent in August

The enduring challenge for China, however, is how to wean the country off its debt drip without intensifying an economic slowdown
September 25th, 2019 - 11:30 GMT

Why Is a Slowing China Economy a Global Concern?

The government stepped up efforts to improve job prospects for Bahrainis earlier this year.
September 25th, 2019 - 10:00 GMT

Over 1,000 Vacancies Available in Bahrain

The plan aims to strategically shift the country away from its long-standing dependence on oil and gas as sources of revenue
September 19th, 2019 - 11:00 GMT

Oman’s Tourism Sector to Create Half a Million Tourism Jobs by 2040

The CBJ has financed some 1,109 projects with a total value of JD738 million under the soft-financing programme
September 19th, 2019 - 08:30 GMT

CBJ Lowers Interest Rate by 25 Basis Points

Financial inclusion should be given great attention by the central banks
September 18th, 2019 - 12:00 GMT

IMF: Arab Countries Need to Provide More than 28 Million Jobs in 7 Years

Over the last two years, more than 600 expat nurses have been replaced
September 17th, 2019 - 11:00 GMT

Over 250 Expats Replaced By Nationals in Oman’s Health Sector

The number of employed persons decreased by 802,000 to 28.5 million persons in June 2019
September 16th, 2019 - 10:30 GMT

Unemployment Rate Stands at 13 Percent in Turkey

The jobs are expected to be filled by skilled and talented Omanis who will also help the Sultanate meet its Omanisation plans
September 15th, 2019 - 12:00 GMT

21,000 Jobs to Be Created in Oman Over 5 Years

The estimated total of Saudi job-seekers during the Q2 is one million.
September 14th, 2019 - 10:00 GMT

Saudi Arabia's Unemployment Rate Drops to 12.3 Percent in Q2

Number of expats in the country had declined, creating more job opportunities for the locals
September 9th, 2019 - 08:30 GMT

Over 34 Thousand Foreign Workers Left Oman in 2018 Due to Omanisation

The country’s overall population is at 41.7 million.
September 4th, 2019 - 12:00 GMT

Sudan’s Unemployment Rate Rises to 8 Million Over 7 Years

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