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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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Luxury properties include recreational chalets and buildings.
June 5th, 2019 - 02:04 GMT

Luxury Rentals in Saudi Arabia Witnessed Major Growth in Demand During Eid

Risk aversion due to escalating trade tensions between the US and China could lead to an appreciation of safe-haven currencies such as the dollar and franc.
June 5th, 2019 - 08:03 GMT

The Winners and the Losers in the Trade War Between US and China

Turkey’s political situation has been unstable since the results of the Istanbul mayoral race were canceled and the vote was set for a re-run on June 23.
June 4th, 2019 - 12:02 GMT

Starting Next Month Turkey Buys Oil From Iraq Instead of Iran

The jobless rate of the total Saudi population, including expatriates, dropped to 5.7 percent compared to 6 percent during Q4 of 2018.
June 4th, 2019 - 11:54 GMT

Unemployment Rate Drops to 12.5 Percent in Saudi Arabia

Since Instagram did not officially release a statement about the outage, it remains unclear what may have triggered it. 
June 4th, 2019 - 11:28 GMT

For Unknown Reasons Instagram Is Suffering Another Global Breakdown

The total VAT collection was also close to the UAE's nine-month of surplus, which stood at Dh28 billion during the January-September 2018 period.
June 4th, 2019 - 08:17 GMT

125 Percent Increase in UAE’s VAT Collections in 2018

Tourism statistics for the quarter showed a remarkable increase in the use of the Kingdom’s ports of entry.
June 4th, 2019 - 06:00 GMT

Bahrain to Open 22 Hotels in the Next 4 Years

Dubai, is composed of some of the most innovative luxury holiday homes, 13 theme hotels and the Floating Seahorse villas
June 3rd, 2019 - 01:00 GMT

You Can Now Get Your EU Passport When You Invest in the 'Heart of Europe'

Bahrain has issued a new edict allowing foreign companies to own 100 per cent of oil and gas drilling activities in the kingdom. 
June 3rd, 2019 - 12:30 GMT

Bahrain Grants Full Foreign Ownership in Oil, Gas Drilling

Abu Dhabi's fiscal position is underpinned by significant oil production volumes and impacted by oil price movements
June 3rd, 2019 - 12:00 GMT

Report: Abu Dhabi's GDP to Grow 2.5 Percent over 2019-2022

Turkey's benchmark stock index started the week down 0.28%
June 3rd, 2019 - 11:30 GMT

Turkey Commences the Week with a Slight Decrease in Stock Market

many proposals for softer forms of Brexit have already been made and all failed to achieve a parliamentary majority.
June 3rd, 2019 - 11:00 GMT

Report Reveals the Effects of Brexit's Uncertainty on UK's Economy

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