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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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"What they did to me on Twitter is incredible. I have millions and millions of followers, but I will tell you, they make it very hard for people to join me (on) Twitter and they make it very much harder for me to get out the message," Trump said.
June 27th, 2019 - 10:39 GMT

Trump Threatens to Sue Twitter, Google, Facebook Over Political Bias

Mohammed bin Jarsh Al Falasi.
June 27th, 2019 - 10:15 GMT

Abu Dhabi Unveils Its Energy Strategy at IEA Summit

As trade pressures intensify, analysts say China will loosen policy further in months ahead to shore up economic growth.
June 27th, 2019 - 09:45 GMT

Chinese Exporters Dodge Trade War Bullet by Shifting Production to Low-Cost Nations

The vessel called SALINA loaded approximately one million barrels of Iranian oil.
June 27th, 2019 - 09:34 GMT

China Receives 1 Million Barrels of Iranian Oil Cargo Post End of Waivers

Manheim, PA - October 1, 2016: People enthusiastically wave Make America Great Again Signs at a Donald Trump campaign rally.
June 27th, 2019 - 09:23 GMT

Will Trumponomics Make America Great Again?

Representatives from Balqaa Applied University and Huawei Jordan pose for a photo during a signing ceremony in Shenzhen, China. (PETRA)
June 27th, 2019 - 09:10 GMT

Huawei to Launch ICT Academy in Jordan

The rupee has been consistently falling due to widening trade deficit, dwindling foreign exchange reserves and free-float exchange rate mechanism agreed with the IMF.
June 27th, 2019 - 08:59 GMT

Pakistani Rupee Hits Another Life-Time Low Against US Dollar

Overall loans to deposit ratio (LDR) increased to 88.3 per cent with eight of top nine banks in the LDR "green zone" of between 80 and 100 per cent.
June 27th, 2019 - 07:48 GMT

Non-Performing Loans Fall in UAE After New Central Bank Methodology

The Umm Lulu Gas Treatment Platform (ULGTP), weighing 32,000 metric tonnes (MT), is one of five platforms fully manufactured by the NPCC at its fabrication yard in Musaffah, Abu Dhabi.
June 27th, 2019 - 07:39 GMT

UAE Completes World’s Largest Offshore Platforms

Libra's founding members include large payment companies, technology firms, marketplaces, and even some service companies.
June 27th, 2019 - 07:13 GMT

The Opportunities and Challenges Facebook's Cryptocurrency Will Face

The family of 737 Max aircraft will not receive certification from the FAA until it has satisfied all requirements and is safe to return to service, the company said.
June 27th, 2019 - 07:05 GMT

New 'Risk' Discovered on Boeing 737 Max

 France's President Emmanuel Macron (L) shakes hands with Japan's Prime Minister Shinzo Abe prior to the Japan-France summit at Abe's official residence in Tokyo on June 26, 2019.
June 27th, 2019 - 06:56 GMT

Macron: 'Synergies, Alliances' Required to Strengthen Renault-Nissan Partnership

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