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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 UAE's non-oil imports during 2018 amounted to Dh938 billion while the import of raw and half-finished gold took the lead in imported commodities totalling Dh111 billion in 2018.
May 29th, 2019 - 08:30 GMT

UAE Non-Oil Trade Soars to $440 Billion in 2018

There is great anxiety in the market today mainly related to supply concerns. (Shutterstock)
May 29th, 2019 - 08:00 GMT

Kuwait: Oil Market to See Balance by End of Year Despite Uncertainties Around Oil Demand Growth

The firm has argued that the US bill violates a bill of attainder clause by "singling out Huawei for punishment"
May 29th, 2019 - 07:30 GMT

Huawei Requests Federal Ban Removal from US Court

Beirut have been focused by years of low economic growth and a slowdown in deposit growth in the banking sector.
May 29th, 2019 - 07:00 GMT

Is Lebanon New Budget Enough to Restore Investors' Confidence?

The UAE has recorded improvement in its competitiveness for the third consecutive year, rising from 15th place in 2016 to its current ranking this year.
May 29th, 2019 - 04:52 GMT

UAE: The Only Arab Country Among Top 5 Most Competitive Economies

The banking sector accounted for the largest share of net profits at Dh11.13 billion during the first three months of the year.
May 28th, 2019 - 01:00 GMT

UAE Firms' Profits Exceed $5 Billion in Q1 2019

Homelessness is rising and basic services are in crisis, leaving many struggling to cope. 
May 28th, 2019 - 12:30 GMT

UN Report: 20 Percent of UK's Population Lives in Poverty

A growing business means a wider cross-section of customers, each with their unique needs and customer service expectations.
May 28th, 2019 - 12:00 GMT

How GCC-Based Businesses Can Thrive In These Difficult Times

Most of the GCC economies have ambitious plans to diversify their economies away from oil.
May 28th, 2019 - 11:30 GMT

How the GCC Is Affected by Global Trade Tensions

Le Maire confirmed that if the deal went ahead, France’s stake in Renault would go down to 7.5% from 15% at present.
May 28th, 2019 - 11:00 GMT

Fiat/Renault Deal Arouses France Keenness on Protecting French Jobs

 The e-commerce giant is working with financial advisers on the offering and is aiming to file an application in Hong Kong as early as the second half of 2019
May 28th, 2019 - 10:30 GMT

Alibaba to Raise $20 Billion Through Second Listing in Hong Kong

Currently businesses are looking for short to medium term stability before committing to any expansion plans.
May 28th, 2019 - 09:30 GMT

UAE Property Prices to Continue Softening in 2019

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