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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 TankerTrackers monitoring group estimated the vessel was carrying up to 1.22 million barrels of crude oil.
July 4th, 2019 - 01:30 GMT

Saudi Arabia Holds Iranian 'Happiness' Hostage?

Food and Agriculture Organization (FAO) food price index averaged at 173 in June, slightly down from 173.5 in May
July 4th, 2019 - 01:00 GMT

Global Food Prices Slip in June

The impact of heat stress on labor productivity is a serious consequence of climate change.
July 4th, 2019 - 12:30 GMT

UN: Climate Change to Affect 80 Million Jobs by 2030

Total production rose 13% to 87,048 vehicles compared with the first quarter.
July 4th, 2019 - 11:00 GMT

Tesla Sets New Record for Quarterly Vehicle Deliveries, Shares Soar 7 Percent

Boeing will release additional information in the near future.
July 4th, 2019 - 10:30 GMT

Boeing Dedicates $100 Million Compensation Fund for Families of Planes Crash Victims

US still has tariffs of 25% on $250 billion of Chinese goods.
July 4th, 2019 - 10:09 GMT

China: For a Trade Deal to Happen, Existing US Tariffs Must Be Removed

IMF Board approved a $6 billion Extended Fund Facility (EFF) for Pakistan to support economic reform program.
July 4th, 2019 - 09:30 GMT

IMF Approves 3-Year $6 Billion Loan for Pakistan

Areas of foreign ownership also include transport and storage, which allows investors to own projects in the field of e-commerce transport, supply chain, logistics, and cold storage for pharmaceutical products.
July 4th, 2019 - 09:00 GMT

UAE Adopts 122 Economic Activity of 100% Foreign Ownership

A higher number of visitors were also recorded at Wadi Rum, Madaba’s Mosaic Map and Mount Nebo, with spikes of 56.6 per cent, 56.7 per cent and 42.7 per cent, respectively. 
July 4th, 2019 - 08:30 GMT

Jordan Tourists Number Rise 26.5 Percent in June

The Kingdom expressed commitment to give Egyptian students the same treatment at Jordanian schools as their Jordanian peers in terms of tuition fees.
July 4th, 2019 - 08:00 GMT

Jordan, Egypt Sign Eight Cooperation Accords to Boost Economic Cooperation

The latest survey data saw an acceleration in new business growth at businesses in Saudi Arabia’s non-oil private sector.
July 4th, 2019 - 07:35 GMT

Saudi Arabia’s Non-Oil Sector Sees Fastest Growing in 19 Months

Initial production from the field would progressively increase to 40,000 bpd by the end of 2019
July 4th, 2019 - 06:30 GMT

Potential Resources for Crude Oil Discovered in 3 New Fields in Abu Dhabi

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