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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 energy equilibrium in the Eastern Mediterranean presents various problems but also opportunities for cooperation among the parties involved.
June 16th, 2019 - 09:43 GMT

An Overview On Energy Resources in Eastern Mediterranean

Jordan boasts of its own colourful film-making industry but productions such as “Aladdin” binds not only film and tourism but ushers in other economic opportunities.
June 16th, 2019 - 09:22 GMT

How ‘Aladdin’ Served the Film, Tourism Industries in Jordan

A whopping 46% of consumers tell us they are more likely to try new brands than they were five years ago.
June 16th, 2019 - 08:39 GMT

Red Alert to Brands: Only 8 Percent of Consumers Are Loyal

Even if you go digital, you still need a physical presence in one form or the other.
June 16th, 2019 - 08:06 GMT

Will FinTech Wipe Off Bank Branches?

The DED report on Saturday said that manufacturing and tourism sectors are expected to drive the emirate's growth at 2.1 per cent this year and 3.8 per cent in 2020.
June 16th, 2019 - 07:57 GMT

Dubai Issues Over 9,000 New Business Licenses at Start of 2019

The diversification of the renewable energy supply chain is changing the sector’s geographic footprint.
June 16th, 2019 - 07:45 GMT

Number of People Working in Renewable Energy Increased to 11 Million in 2018

The government had, a few months ago, announced a major initiative to increase the hiring of new Bahraini graduates.
June 16th, 2019 - 07:12 GMT

Bahrain Mulls Imposing BD20,000 Fine on Firms 'Not Prioritising Hiring Nationals'

An Iranian navy boat tries to stop the fire of an oil tanker after it was attacked in the Gulf of Oman.
June 16th, 2019 - 06:56 GMT

UK to Send 100 Royal Marines to Strait of Hormuz to Protect British Ships

The report showed that the growth rate of investment flows in Bahrain reached 6%.
June 15th, 2019 - 05:00 GMT

2.73 Percent Growth in Bahrain’s Economy In First Quarter of 2019

The average house price in May was Dh2.5 million
June 15th, 2019 - 03:00 GMT

14.5 Percent Drop in Dubai's House Prices in May

In the last five working days, the rupee has lost Rs7.70 against the dollar and it is expected to remain under pressure in the coming weeks
June 15th, 2019 - 06:10 GMT

Pakistani Rupee Hits All-Time Low Against US Dollar

There are 1 billion cellular IoT connections globally, a figure that is expected to rise to 4.1 billion by the end of 2024
June 14th, 2019 - 09:00 GMT

5G Coverage to Reach 45 Percent of the World’s Population by 2024

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