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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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Erdogan noted that Turkey, Greece and the UK are the guarantor countries of Cyprus, and those countries are speaking as the guarantors.
June 17th, 2019 - 09:30 GMT

Turkey Exempts Exporters From Exchange Tax When Buying Foreign Currency

The two countries maintain close ties in hydrocarbons trade and work jointly on peaceful nuclear power projects in Iran.
June 17th, 2019 - 09:00 GMT

Russia, Iran Bilateral Trade Exceeds $1.7 Billion in 2018

Jordan’s tourism revenue during the first quarter of the year increased by 6.1 per cent to $1.746 billion
June 17th, 2019 - 08:30 GMT

45 Percent of Jordan's Tourists in May Are From Europe

 The plan includes the expansion of the terminal building and increasing the airport’s capacity to 20 million passengers by 2025.
June 17th, 2019 - 08:00 GMT

Sharjah Issues Tenders for $408 Million Airport Expansion Project

The ultimate scope and duration, and therefore the impact, of any bans are not yet certain.
June 17th, 2019 - 07:00 GMT

S&P: Bans on Huawei Ban to Affect Tech More Than Telecom

Travel and tourism registered the second-strongest overall improvement in business conditions on record (59.5) despite a slight fall in jobs
June 17th, 2019 - 06:30 GMT

Trade, Travel Stimulate the Business Boom in Dubai

Current market shows increased Used Car sales compared to New cars
June 17th, 2019 - 04:52 GMT

Car Insurance Premium in UAE Declines by 9.5 Percent

VinFast seeking to tap into national pride with vehicles that include sedan and SUV models, along with e-scooters and even electric buses.
June 16th, 2019 - 12:18 GMT

Vietnam to Deliver Its First Car Tomorrow

For the challenge, the selected candidate will be offered a "survival kit".
June 16th, 2019 - 10:47 GMT

Company Offers $1000 If You Use a Flip Phone for 1 Week

Egypt Air planes on the tarmac of Cairo international Airport.
June 16th, 2019 - 10:36 GMT

Egypt Receives Third Boeing 787 Dreamliner

Moody's said external pressures are exacerbated by the row between Turkey and the United States over Ankara's purchase of S-400 missile systems from Russia.
June 16th, 2019 - 10:07 GMT

Turkey Doesn't Approve of Moody's Downgrade

The new duties take effect from Sunday.
June 16th, 2019 - 09:57 GMT

India Imposes Retaliatory Tariffs on 28 US Goods

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