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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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Wages in Oman grew 11.4 per cent over the past ten years
July 2nd, 2019 - 09:00 GMT

Report: Omanis Got Highest Regional Wage Growth Among Arab Countries

On a monthly basis, Saudi transfers increased by 22.7 percent.
July 2nd, 2019 - 08:00 GMT

Remittances of Expats in Saudi Arabia Drop by 21.6 Percent in May

Arab countries declined in the investment attractiveness index for 2019.
July 2nd, 2019 - 07:30 GMT

Qatar's Foreign Direct Investment Drops 322 Percent

Consumers are more likely to increase use of digital channels if banks increase security
July 2nd, 2019 - 07:10 GMT

Digitization the Only Way for Banking Sector… It Won’t Threaten Jobs

Canada came out on top, with 58 per cent of respondents saying they would consider a move to the country.
July 2nd, 2019 - 06:30 GMT

Survey: Canada Top Relocation Destination for UAE Residents

Total expenditure stood at SR217 billion ($57 billion), an increase of eight percent compared to the same period last year.
July 2nd, 2019 - 06:00 GMT

Saudi Economy Grows 1.66 Percent in 2019

Facebook has finally started taking action against the fraudsters by removing the Facebook pages, it is learned.
July 1st, 2019 - 12:30 GMT

Facebook Shuts Down on Fraud Pages Targeting Bahrain’s Residents

Visa waiver is psychologically positive and motivates tourist to travel to the country without any problem
July 1st, 2019 - 12:00 GMT

Iran: Visa Waiver for Chinese to Create Travel Incentives

The government’s fuel pricing committee on Sunday decided to lower the prices of gasoline and diesel, citing a fall in international prices of crude oil
July 1st, 2019 - 11:30 GMT

Jordan Cuts Fuel Prices for July

Christine Lagarde.
July 1st, 2019 - 11:13 GMT

Christine Lagarde Could Become the First Female President Heading the ECB

This comes in line with the BTEA’s long-term strategy to develop the local tourism sector and contribute to diversifying the non-oil sectors of the national economy
July 1st, 2019 - 10:00 GMT

Tourism Contributes BD20 Million to Bahrain's Economy in Q1 2019

Gold prices fell more than 1 per cent, their lowest in a week.
July 1st, 2019 - 09:34 GMT

Gold Prices Fall After Hitting Six-Year High

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