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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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The AU estimates that the deal will lead to a 60-percent boost in intra-African trade by 2022.
July 9th, 2019 - 09:00 GMT

African Leaders Launch Operational Phase of AfCFTA Free Trade Deal

Structural steel imports from China and Mexico together amounted to $1.5 billion in 2018
July 9th, 2019 - 08:30 GMT

US Announces New Duties on Mexican and Chinese Steel

The investment environment in Turkey has changed rapidly in recent years
July 9th, 2019 - 08:00 GMT

Gulf Investors Identify Five Challenges Facing Turkey

Late Steve Jobs was a master at keeping employees motivated and working long hours, Bill Gates says.
July 9th, 2019 - 07:00 GMT

Gates: Steve's Spell Didn't Work on Me

The number of tourists rose 17 percent in the first half of this year to 3.8 million compared to the same period in 2018.
July 9th, 2019 - 06:30 GMT

Tunisia’s Tourism Revenues Hit $692 Million in H1 2019

The Iraqi bank had also, earlier, put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira.
July 9th, 2019 - 06:18 GMT

Trade Bank of Iraq Expands in GCC, China to Lift Revenues to 30 Percent

In contrast, construction posted its best overall performance since last November (57.0).
July 9th, 2019 - 06:00 GMT

Construction Industry Best Performer Among Dubai's Non-Oil Economic Activities

Boeing 737 Max.
July 8th, 2019 - 11:55 GMT

Saudi Airline Cancels £4.7 Billion Order for Boeing 737 Max Jets

British Airways has 28 days to appeal. 
July 8th, 2019 - 10:16 GMT

British Airways Faces $229 Million Fine Over Customer Data Breach

Palestinian and Jordanian finance ministers discussing cooperation in the Jordanian capital, Amman.
July 8th, 2019 - 10:04 GMT

Jordan, Palestine to Link Customs Electronically on Their Joint Crossings

Zaatari Refugee Camp - Jordan.
July 8th, 2019 - 10:03 GMT

138,000 Syrian Refugees Obtain Work Permits in Jordan

Strive Masiyiwa.
July 8th, 2019 - 09:18 GMT

Company Controlled by ‘Zimbabwe’s Richest Man’ Faces Bankruptcy

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