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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 hotel was recognized as one of the top-ranked hotels in Dubai for its commitment to consistently delivering great customer experience to travelers visiting the Hotel.
June 19th, 2019 - 07:15 GMT

Arabian Courtyard Hotel & Spa is TripAdvisor “Hall of Fame” for 2019

The programme's targeted results include; increasing Pakistan's tax to GDP ratio to 17 per cent; increasing the number of active taxpayers to 3.5 million; reducing the compliance burden of paying taxes; and improving the efficiency of customs controls.
June 19th, 2019 - 07:01 GMT

World Bank to Support Pakistan with 3 Loans Worth $918 Million

Welcoming the move, a number of Pakistani expats said that it was high time that such a step was taken by the Pakistan government.
June 19th, 2019 - 06:37 GMT

New Move to Ensure Legal, Risk-Free Working Environment for Pakistani Workers in UAE

The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company traded on the New York Stock Exchange.
June 19th, 2019 - 06:29 GMT

French Billionaire to Acquire Sotheby’s for $3.7 Billion

AI technology has arrived in the Arab region where the rate of adoption is steadily increasing.
June 18th, 2019 - 01:00 GMT

AI Projected to Save Banking Industry Over $1 Trillion by 2030

E-commerce is fuelling logistics opportunities and reputed logistics companies will grab the opportunities and grow their businesses in the UAE as well as in the region
June 18th, 2019 - 12:30 GMT

UAE’s E-Commerce Market Projected to Grow to $17.8 Billion in 2020

The aircraft will deliver an unprecedented Xtra Long Range of up to 4,700nm – 15 per cent more than the A321LR and with the same unbeatable fuel efficiency.
June 18th, 2019 - 12:00 GMT

Airbus Adds Longest Range Single-Aisle Airliner to Its Best-Selling A321neo Family

Under the terms of the merger agreement, a subsidiary of Pfizer will commence a cash tender offer to purchase all outstanding shares of Array common stock
June 18th, 2019 - 11:30 GMT

Pfizer to Acquire Cancer Drug Firm for $11.4 Billion

The value of re-exports was SR2.589 billion in April.
June 18th, 2019 - 11:00 GMT

Saudi Arabia’s Non-Oil Exports Drop to $4.5 Billion in April

The Facebook News Forum is a valuable platform that will help explore and examine the challenges brought about by these rapid changes being witnessed in the region and their impact on journalism
June 18th, 2019 - 10:37 GMT

First Facebook News Forum to Be Hosted in Dubai

The percentage of employees who believe that practical training is limited was 22.2 per cent.
June 18th, 2019 - 09:13 GMT

Despite the Omanization Efforts, 87 Percent of Omani Job Seekers Still Prefer to Work in Government Sector

Turkey's budget revenues totaled 347.5 billion Turkish liras ($62.3 billion), up 15% year-on-year.
June 18th, 2019 - 09:00 GMT

Turkey's Budget Posts $11.9 Billion Deficit, $62.3 Billion Revenues

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