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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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Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, and South Korean President Moon Jae-In shake hands during a meeting at the Presidential Blue House in Seoul on Wednesday.
June 26th, 2019 - 10:51 GMT

Saudi Arabia Signs 15 New Agreements With Investors in South Korea

On Tuesday, the Chinese company confirmed that it was shutting down its solar energy business, selling inverters, in the United States amid the ongoing US-China trade war and growing opposition from both the White House and members of Congress.
June 26th, 2019 - 10:30 GMT

Huawei Enters Israeli Solar Energy Market Post Closure of Its Solar Operations in US

China's President Xi Jinping shakes hands with US President Donald Trump during a business leaders event at the Great Hall of the People in Beijing.
June 26th, 2019 - 09:58 GMT

US Hopes to Restart China Trade Talks While Not Accepting Conditions on Tariff Use

US trade war with China remains in high gear as Washington hiked tariffs on $200 billion worth of Chinese goods in mid-May.
June 26th, 2019 - 09:46 GMT

Huawei to Continue Providing 5G Products Despite US Sanctions

Autonomous shooting travel pods will drop guests off at mesmerising destinations, while miniature eco-systems protected from the elements by bubble-like structures will mirror their surroundings.
June 26th, 2019 - 08:43 GMT

This Is How Hotels Will Look like in 2119

The federal government will retain Dh8.1 billion (30 per cent of collected revenues) while the remaining Dh18.9 billion will be divided among the emirates.
June 26th, 2019 - 08:34 GMT

UAE’s VAT Revenue Exceeds Estimates, Hits $7.4 Billion

A cut in servicing the cost of Lebanon’s massive public debt has been factored into the 2019 draft state budget that aims to slice the deficit to 7.6% of GDP.
June 26th, 2019 - 08:09 GMT

Zero Percent Economic Growth Projected for Lebanon this Year

The projects include the expansion of a milk production unit in the central city of Sidi Bouzid at a cost of at least USD 17 million.
June 26th, 2019 - 07:58 GMT

Tunisia to Invest over $204 Million in Vital Projects

The applicant should be at least a bachelor's degree holder or its equivalent; have at least five years of work experience, have a valid employment contract and a monthly salary of not less than Dh30,000.
June 26th, 2019 - 07:48 GMT

Here's Who Can Apply for UAE's Gold Card and How

The #YouthForGood initiative, the first of its kind in the world, aims to promote the use of Twitter to support humanitarian and social causes and sustain a culture of volunteering among youth in the region and the world.
June 26th, 2019 - 07:36 GMT

UAE Launches #YouthForGood, First of Its Kind Initiative in the World

The UAE has seen its rating improve seven places since the launch of the report in 2012-13 till date.
June 26th, 2019 - 07:30 GMT

UAE Ranks 1st Among Its Peers in Mideast in FutureBrand Index

On Tuesday, gold broke above technical resistance which has thwarted every rally for half a decade to finally rise above $1,400.
June 26th, 2019 - 06:40 GMT

Gold Prices Surge to 6-Year High, Exceeding $1400

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