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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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The Wall Street Journal cited US security officials as saying that undersea cables built by Huawei could be vulnerable to espionage by the Chinese state.
June 3rd, 2019 - 10:30 GMT

Huawei to Sell Its Undersea Cable Business

The issues lasted for more than an hour before Google claimed to have located the issue and said it had been fixed.
June 3rd, 2019 - 08:30 GMT

Google Cloud Rains Issues on the Entire Internet

Of the funding requirements, $702.9 million was allocated for refugees.
June 3rd, 2019 - 08:00 GMT

Jordan Receives 4.6 Percent from Funding Required for Aid Program

The basic problems of Pakistan are productivity growth and lower tax income.
June 3rd, 2019 - 07:30 GMT

Has the IMF Been Prescribing the Wrong Medicine for Pakistan?

Population growth was flat in 2018 due to a government exercise to clear old and inactive employment visas from population statistics.
June 3rd, 2019 - 07:00 GMT

Report: Bahrain’s GDP Growth to Reach 2.4 Percent Over 3 Years

Turkey's exports to Iran reached a record high of $9.9 billion, but in 2017 it fell sharply to $3.3 billion.
June 3rd, 2019 - 06:30 GMT

Iran, Turkey to Come over US Sanctions by Establishing a Joint Bank

Iraq exported 106.6 million barrels from the country’s central and southern oil fields.
June 2nd, 2019 - 12:00 GMT

Iraq Crude Oil Exports Reaches 3.572 Million bpd in May

New Delhi was the largest beneficiary of the GSP in 2017 with $5.7 billion in imports to the U.S given duty-free status.
June 2nd, 2019 - 11:30 GMT

India Disappointed by Trump's Decision to End Trade Preferences

The costs for renewable energy technologies decreased to a record low last year.
June 2nd, 2019 - 11:00 GMT

Renewable Energy:Cheapest Source for Electricity

Since Asian refiners buy almost 60 percent of their crude intake from the Arabian Gulf, relative prices for sour crudes have been robust.
June 2nd, 2019 - 10:30 GMT

Oil Prices Plummet Again Due to Supply Fears, Economic SlowDown

The rate in Jordan in 2018 stood at 0.8 per cent, surpassing countries like Qatar, the UAE and Saudi Arabia.
June 2nd, 2019 - 10:00 GMT

Labour Productivity Rate Stands at 2 Percent in Jordan

 Lebanon could achieve higher GDP growth if the country had a good tourism season this summer.
June 2nd, 2019 - 09:30 GMT

Lebanon Should Cut Deficit to 4 Percent by 2023 to Save Its Economy

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