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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 light sweet crude grades are a shorthand for oil that has less than 0.5 percent sulfur content.
June 24th, 2019 - 07:30 GMT

Tensions in the Arabian Gulf Region Affect the Oil Market

Economic performance forecast to gain momentum on the back of rising general expenditure at the federal and local levels of every emirate
June 24th, 2019 - 07:00 GMT

UAE GDP to Grow by 2 Percent in 2019

With some $30 million in grants, the plan calls for the creation of a modern database to register land ownership.
June 24th, 2019 - 06:10 GMT

US Unveils $50 Billion Investment in Palestinian Infrastructure, Education

Saudi Crown Prince Mohammed bin Salman recently said in an interview that Aramco's IPO plan is on track for 2020-21
June 24th, 2019 - 06:00 GMT

10 Companies to Go Public in GCC With Over $7 Billion Fund Raising in the Offing

Consumers in Oman did not expect some products to be listed as taxable, such as some sports drinks.
June 23rd, 2019 - 01:00 GMT

Oman Warns Companies From Overcharging 'Sinful' Products

The Saudis represented about 24.4 percent of the job holders.
June 23rd, 2019 - 12:30 GMT

Expats Still Control Over 75 Percent of Jobs in Saudi Arabia Despite Saudization Efforts

Currently over 10 million expats work and live in Saudi Arabia.
June 23rd, 2019 - 12:00 GMT

Saudi Arabia Launches New Residency Scheme for Expats

The issue of our Palestinian people is a nationalistic issue
June 23rd, 2019 - 11:30 GMT

Palestinians Dismiss Economic Part of Middle East 'Peace Plan'

Leading airlines around the world are rerouting some of their flight paths to avoid Iranian airspace
June 23rd, 2019 - 11:00 GMT

Airlines to Stay Away From Iranian Airspace Due to Ongoing US-Iran Tensions

All of the entities will be effectively barred from obtaining US technology after the government determined they were "acting contrary to the national security or foreign policy interests of the United States."
June 23rd, 2019 - 10:30 GMT

US Blacklists 5 Chinese Tech Firms Over National Security Concerns

It was gold’s turn to take centre stage on Friday, with the commodity reaching $1,412.08 an ounce, the highest level since September 2013
June 23rd, 2019 - 10:00 GMT

Gold Prices Soar Amid the Rise in US-Iran Tensions

A 737 MAX passenger jet crashed five months earlier on October 29, 2018.
June 23rd, 2019 - 09:30 GMT

Over 400 Pilots Sue Boeing Over 737 MAX's Flaws Cover-Up

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