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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 purpose of the amnesty scheme, which will end on June 30, is to allow the non-documented economy's inclusion in the taxation system to trigger economic revival and growth by encouraging a tax compliance in the economy.
June 26th, 2019 - 06:17 GMT

Pakistanis to Declare over $6 Billion of Assets in Foreign Countries

Turkish people gather to celebrate after the Istanbul mayoral elections re-run, at Kadikoy in Istanbul, on June 23, 2019.
June 25th, 2019 - 02:30 GMT

Turkish Lira Up 2 Percent After Istanbul’s Mayoral Elections

China is ranked as the first country to exports to Bahrain with BD58 million
June 25th, 2019 - 01:00 GMT

Bahrain-Origin Exports Surge 16 Percent Reaching $553 Million in May

CBUAE's held-to-maturity securities rose to around Dh41.65 billion in May
June 25th, 2019 - 12:30 GMT

UAE Central Bank’s Foreign Currency Assets Hit $103 Billion

The sanctions are aimed at denying Iran’s leadership access to financial resources, blocking them from using the United States financial system or having access to any assets in the United States.
June 25th, 2019 - 12:00 GMT

Trump Imposes Financial Sanctions on Iran's Khamenei

Bitcoin has proven that there is a growing appetite for a financial system devoid of middlemen and monolithic institutions.
June 25th, 2019 - 11:30 GMT

Why Facebook's Cryptocurrency Will Be a Game Changer

The growth of banking assets has also slowed down in almost all core Islamic finance markets.
June 25th, 2019 - 10:54 GMT

S&P: Islamic Finance Industry to Continue Growing Due to Volatility in Oil Prices, Geopolitical Risk

Since 2003, the French agency has been supporting the Kingdom to improve the social and economic conditions in light of the international and regional challenges
June 25th, 2019 - 10:00 GMT

Jordan to Receive 95 Million Euro Soft Loan from French Agency for Development

Jordan is a valued and trusted partner and the EU is determined to support the Kingdom at this critical time
June 25th, 2019 - 09:30 GMT

EU Grants Jordan 20 Million Euro to Help Position Private-Sector Innovation

The new budget sees a debt-to-GDP ratio of 89% by the end of June 2020
June 25th, 2019 - 09:00 GMT

Egypt Approves Budget Targeting 7.2 Percent Deficit, 6 Percent GDP Growth

Lebanon’s public debt burden, equivalent to about 150% of GDP, is one of the heaviest in the world.
June 25th, 2019 - 08:30 GMT

IMF: Lebanon Should Approve State Budget ASAP

The plant will come online by 2025 and increase Qatar's polyethylene output capacity by 82 percent.
June 25th, 2019 - 08:00 GMT

Qatar Helps Pakistan With $3 Billion Bailout Package

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