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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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Brent crude futures were up $1.71, or 2.85 percent, at $61.68 a barrel by 0908 GMT, having risen as much as 4.45 percent to $62.64.
June 14th, 2019 - 07:30 GMT

Oil Prices Rise Following the Tanker Attack in Gulf of Oman

Its applications to trademark the OS show Huawei wants to use “Hongmeng” for gadgets ranging from smartphones, portable computers to robots and car televisions.
June 13th, 2019 - 12:30 GMT

Huawei Applies to Trademark Mobile OS in an Attempt to Defeat US Ban

An Iranian worker at Iran Khodro factory in 2018.
June 13th, 2019 - 12:00 GMT

Iran Auto, Defense Industries Mull Tie-Up to Overcome Sanctions

The US Treasury Wednesday unveiled the sanctions against the company and two of its associates claiming they had ties with Iran's Islamic Revolutionary Guard Corps.
June 13th, 2019 - 11:30 GMT

US Unveils Sanctions Against Iraqi Company Over Ties With Iran

Named Chandrayaan-2, the craft is made up of an orbiter, a lander and a rover developed by the Indian Space Research Organisation (ISRO).
June 13th, 2019 - 11:00 GMT

India Reveals Spacecraft for Next Month's Moon-Landing Mission

The new wells aim to ultimately contribute to Jordan’s total energy mix.
June 13th, 2019 - 10:30 GMT

Jordan to Drill Three New Gas Wells

The area is near the Strait of Hormuz, a strategic waterway through which nearly one-third of all oil traded by sea passes.
June 13th, 2019 - 10:10 GMT

BREAKING NEWS: Explosions Target Two Large Oil Tankers in Gulf of Oman

White is a Beirut and Dubai-based nightclub, and it’s set to open in the Saudi city of Jeddah this week.
June 13th, 2019 - 10:00 GMT

Saudi Arabia Takes Entertainment to a New Level by Opening Beirut-Based Nightclub

In order for Europe to help Iran with its oil exports and international banking, Iran must be able to sell oil.
June 13th, 2019 - 09:30 GMT

Iran May Change Its Stand on Nuclear Deal Due to Oil Sanctions

The order will regulate and phase out the use of plastic bags.
June 13th, 2019 - 09:00 GMT

No More Plastic Bags in Bahrain Starting July

Monetary policy is expected to gradually tighten as Qatar’s central bank resumes raising interest rates to restore the spread versus US policy rates, and to attract FX inflows into the banking system, the WB report said.
June 13th, 2019 - 08:30 GMT

World Bank: Qatar’s Economy to Expand 3 Percent Over Medium Term

Officials said the shares were sold out to the government department at exaggerated prices amounting to 210 million euros.
June 13th, 2019 - 08:00 GMT

Ex-Emirati Chairman, Expat CEO Sentenced to 15 and 10 Years in Jail Respectively

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