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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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Saudi's index closed May’s trading at 8,516 points, proving the vitality of the local market and the positive performance at the same time.
June 10th, 2019 - 07:30 GMT

Saudi Stocks Exchange Resumes Amid Significant Rise in Oil Prices

Tunisia aims to attract about $1 million compared to the $950 thousand brought into the country over the past year. 
June 10th, 2019 - 07:00 GMT

15.7 Percent Increase in Foreign Investment in Tunisia

Further margin deterioration is also expected over the next year in the region
June 10th, 2019 - 06:30 GMT

Survey: Soft Demand to Continue in GCC Real Estate Market

Achieving the objectives of the Dubai Clean Energy Strategy 2050 will require a production capacity of 42,000 megawatts, MW, of clean and renewable energy by 2050.
June 10th, 2019 - 05:53 GMT

UAE to Construct Floating Solar Plants in the Arabian Gulf

Iran insists its nuclear activities are entirely peaceful, and has repeatedly refused to discuss its missile programme.
June 9th, 2019 - 01:00 GMT

Iran Urges Europe to Normalize Economic Ties With It Despite US Sanctions

700 employees who made the tours discovered that the most important violations were expatriates taking jobs which were solely marked for Saudis.
June 9th, 2019 - 12:30 GMT

25 Percent Increase in Saudi Retail and Wholesale Workforce

Cairo needs to increase investment in the sector and activate the role of the Supreme Council for Traffic Safety
June 9th, 2019 - 12:00 GMT

Egypt to Start Privatization of Public Transport Sector

Doha insists that it has emerged stronger than ever from its crisis.
June 9th, 2019 - 11:30 GMT

Qatar Is Entering Third Year of the Blockade and No Lessons Learnt

A little over a year ago, the Education Ministry introduced an initiative called Future Gate to promote digital learning and “change the whole setting” in schools.
June 9th, 2019 - 10:30 GMT

Digital Transformation of Education Sector Vital for Saudi Arabia’s Vision 2030

The International Monetary Fund warned last week that the trade conflict would cut global growth next year.
June 9th, 2019 - 09:30 GMT

G20 Finance: ’Intensified ‘ Trade Row but No Desire for Resolution

Iran confirmed attending the upcoming OPEC meeting in Vienna later in June.
June 9th, 2019 - 09:00 GMT

Iran: No Intentions to Leave OPEC

Trump's tariff threat has placed him at odds with not only the U.S.'s southern neighbor
June 9th, 2019 - 08:30 GMT

Trump: Mexico Will Have a ‘Good Chance’ of Reaching an Agreement

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