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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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Huawei shipped more than 100,000 5G base stations, ranking top in the world
June 9th, 2019 - 08:00 GMT

Huawei Obtains 46 Commercial 5G Contracts In 30 Countries

Growth in receipts was fuelled by strong demand for international travel in the context of a robust global economy.
June 9th, 2019 - 07:30 GMT

4 Percent Increase in Exports From International Tourism

The real estate transactions over the past five-month period included completed and ongoing deals.
June 9th, 2019 - 07:00 GMT

The Value of Real Estate Transactions in Dubai Rose to Over Dh34 Billion

Global gas demand is expected to grow
June 9th, 2019 - 06:30 GMT

IEA: Global Gas Demand to Grow at 1.6 Percent Yearly Until 2024

Brent and WTI crude prices rose to $63.29 and $53.99 per barrel respectively.
June 9th, 2019 - 06:00 GMT

Oil Prices Continue to Fall As Volatile Market Described Worst Since the Financial Crisis

The pact ends this month and the group meets in coming weeks to decide their next move
June 8th, 2019 - 03:00 GMT

Opec Close to Deal on Oil Output Cut Extension

The new measures follow a round of sanctions imposed last month that targeted the Islamic Republic's export revenues from industrial metals.
June 8th, 2019 - 12:00 GMT

US Hits Iran Again with New Sanctions on Its Petrochemical Industry

People who already own Huawei smartphones with those apps will be unaffected by the suspension
June 8th, 2019 - 09:00 GMT

No More Facebook Apps on Huawei Mobiles

Qatar was in the process of ‘opening up’ its economy
June 7th, 2019 - 11:51 GMT

Qatar to Diversify Energy Sources Using Its Sovereign Fund

Moroccan banks in Africa to expand their operations and grant priority to technological developments.
June 6th, 2019 - 07:00 GMT

Moroccan Banks Investment Exceed $1.84 Billion in 10 Years

The UAE has been attracting a lot of talent from all over the world and is one of the top choices for the richest.
June 6th, 2019 - 06:30 GMT

Report: UAE Among World’s Top 10 Markets for Billionaires

If the US thinks that the Chinese government will allow one of its star companies to be crushed without retribution, then it’s deluded.
June 6th, 2019 - 06:00 GMT

The Ban on Huawei by Trump Could Be the Start of the Greatest Trade War Ever

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