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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 Ministry of Tourism has recently developed a plan to support all hotels, resorts, amusement parks and restaurants
June 20th, 2019 - 01:00 GMT

Tunisia Approves Security Plan to Boost Tourism

OPEC committee sees global oil inventories shrinking by almost 500,000 barrels a day if the group keeps restraining supplies.
June 20th, 2019 - 12:30 GMT

OPEC+ Meeting to Be Held on July 1-2 in Vienna

The consumer goods category has dropped considerably in this year's study
June 20th, 2019 - 11:00 GMT

These Are UAE's 10 Most Intimate Brands in the Consumer Goods Industry

The Ministry of Labor announced the employment of 64,000 Saudis through a number of agreements with public and private entities
June 20th, 2019 - 10:30 GMT

Saudi Reforms Provide Jobs to 64,000 Nationals in Q1 2019

China could also be importing Iranian oil
June 20th, 2019 - 10:00 GMT

China Continues Buying Liquefied Petroleum Gas From Iran Despite US Sanctions

The sector's short-term loans -- debt that must be paid in the next 12 months -- decreased by $3.6 billion to $11.8 billion during the same period.
June 20th, 2019 - 09:30 GMT

Turkey's Private Sector External Debt Decreases in April

$30 billion loss is not a big deal for Huawei.
June 20th, 2019 - 09:00 GMT

Huawei's Revenue to Drop $30 Billion This Year Due to US Sanctions

The selective tax on tobacco, its derivatives, energy drinks, alcoholic beverages and pork was 100 per cent applied
June 20th, 2019 - 08:30 GMT

Oman Slashes Tax on Alcohol

The Kingdom values UN Women’s contributions to supporting women’s political rights, empowering them economically and supporting the development of government bodies
June 20th, 2019 - 08:00 GMT

Saudi Arabia Reaffirms Support for Empowerment of Women at UN Meeting

GDP grew from an estimated JD6 billion in 2000 to JD29.98 billion in 2018.
June 20th, 2019 - 07:30 GMT

Jordan Government Seeks Controlling the JD1 Billion Exemptions of 2018

Japan is the Kingdom’s second-biggest source of foreign capital and its third-largest commercial partner.
June 20th, 2019 - 07:00 GMT

Saudi Arabia, Japan Ink New Agreements at Saudi-Japan Vision 2030 Business Forum

The report notes that most countries across the region have seen banking mergers or talks to merge in 2018.
June 20th, 2019 - 06:30 GMT

11.3 Percent Growth in Saudi Banking Sector in 2018

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