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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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Qatar’s stock market is sharply ahead on local retail accumulation as listed firms go through the 1:10 stock split
June 11th, 2019 - 07:30 GMT

Qatar Stock Exchange Gains over 200 Points Due to Foreign Fund Inflows, Stock Split

Egypt continues to report massive increases in the prices of fruits and vegetables.
June 11th, 2019 - 07:00 GMT

Inflation in Egypt Rises 2.5 Percent in One Month

Saudi Arabia’s Vision 2030 reform plan is expected to transform the country’s key wealth fund into one of the world’s largest sovereign investment vehicles.
June 10th, 2019 - 01:00 GMT

Report: Saudi Arabia’s Key Wealth Fund Has $300 Billion in Assets

Google and Facebook control the distribution of news and 80 per cent of external traffic is routed through these two companies to various news websites.
June 10th, 2019 - 12:30 GMT

Google Made $4.7 Billion From Its Search in 2018

Trade and geopolitical tensions have intensified
June 10th, 2019 - 12:00 GMT

G20: Trade Tensions Had Posed a Risk on the Global Economy

The government aims to achieve economic growth of 6% and reduce economic deficit to 7.2% in FY19/20.
June 10th, 2019 - 11:30 GMT

Egypt Cuts Its Debt to GDP Ratio 93 Percent by the End of June

Germany is the second largest donor to Jordan.
June 10th, 2019 - 11:00 GMT

Germany to Grant Jordan a $100-Million Unconditional Soft Loan

6,000 investors and entrepreneurs had applied for long-term visas in the first week
June 10th, 2019 - 10:30 GMT

Long Visas Attracts International Real Estate Investors to Dubai

Despite US sanctions imposed on Iran, the Health Ministry managed to meet the domestic demands.
June 10th, 2019 - 10:00 GMT

Iran to Export Medical Equipment to Iraq in the Next Two Months

Iran’s petrochemical products are not sanctionable regarding their variety and production volume as well as the dependency of the customers on them
June 10th, 2019 - 09:30 GMT

70 Percent on Petchem Export Revenues Re-Injected to Iran’s Domestic Economy Last Year

The real GDP share of hotels and restaurants increased by 8 per cent
June 10th, 2019 - 09:00 GMT

Bahrain Welcomes Over 3 million Tourists so Far in 2019

Most of the indicators show a steep decline when compared to last year except for tourism where hotel occupancy rate in March recorded 79 percent, a never seen before, at least since 2007.”
June 10th, 2019 - 07:50 GMT

Lebanon’s Private Sector Continue to Show Weakness in May

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