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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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Saudi Arabia's Energy Minister Khaled al-Falih arrives at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) for meeting on July 01, 2019 in Vienna, Austria.
July 7th, 2019 - 08:28 GMT

Saudi Increased Oil Supply Failed to Offset Iran, Venezuela Losses in June

The sharp outflows of foreign funding sparked by the June 2017 outbreak of the GCC crisis have gradually reversed over 2018.
July 7th, 2019 - 08:08 GMT

Qatari Banks’ Outlook Stable Despite Blockade

The top 10 per cent of workers in the world receive 48.9 per cent of total global pay and the bottom 50 per cent earn just 6.4 per cent.
July 7th, 2019 - 07:44 GMT

Over 35 Percent of Jordan’s Labour Income Goes to 10 Percent of Workers

The sources said 13,000 illegal expatriates, including 11,047 men and 1,953 women, were currently being held in various detention centers in the country.
July 7th, 2019 - 07:16 GMT

Saudi Arabia Deports Over 800,000 Expats Since November 2017

Johnson will drive down the pound even further should he win the leadership contest.
July 7th, 2019 - 06:37 GMT

What Will Happen to the Pound After Brexit? And What's Its Impact on UAE?

The UAE's economic growth reached a two-year high of 2.8 per cent in the fourth quarter of 2018.
July 7th, 2019 - 06:22 GMT

Oil Cuts to Slowdown UAE's Economic Growth in 2019, Expo2020 to Revive It Next Year

 Amazon CEO Jeff Bezos and wife MacKenzie Bezos at Vanity Fair Oscar Party in Beverly Hills, California, US on March, 4, 2018.
July 7th, 2019 - 06:11 GMT

Bezos Finalises Divorce, MacKenzie Gets $38 Billion

Local and international expertise will be used to execute the project as well as benefit from the experience of Unido in this field
July 6th, 2019 - 03:00 GMT

Kuwait to Build First Industrial Techno-Complex

Despite lower supplies, crude oil has fallen from a six-month high above $75 a barrel in April
July 6th, 2019 - 12:00 GMT

OPEC Output Sinks to New Five-Year Low

Differences between the government and the governor over the conduct of monetary policy have deepened in the past few months
July 6th, 2019 - 10:00 GMT

Turkey Fires Central Bank Governor Amid Disagreements With the Government

To be fair, the Indian budget has traditionally ignored the NRIs, and in that, this budget follows the tradition.
July 6th, 2019 - 08:00 GMT

India's 2019 Budget to Serve the Less Privileged on the Expense of the NRIs

Iran can provide "affordability, accessibility and security" in the energy sector to India.
July 4th, 2019 - 02:00 GMT

India to Continue Trade With Iran Despite US Threats

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