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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 two officials also looked into implementation mechanisms for the recommendations of the Stockholm meeting
May 28th, 2019 - 09:00 GMT

Jordan, Sweden to Raise Financial Support for UNRWA

Both sides are now digging in for a long fight.
May 28th, 2019 - 08:30 GMT

The US-China Trade War: How Will It End?

Egypt will remain attractive for investors compared to other emerging markets.
May 28th, 2019 - 08:00 GMT

Why Investors Prefer Egypt Among the Emerging Markets

The project will likely meet around 50 percent of Tunisia’s gas needs with a minimum production of 2.7 billion cubic meters.
May 28th, 2019 - 07:30 GMT

6 New Licenses Issued in Tunisia for Oil, Gas Exploration

The budget must still be agreed by parliament
May 28th, 2019 - 06:00 GMT

At Last, Cabinet Approves Lebanon 2019 State Budget with Spending Cuts

This combination of pictures created on May 26, 2019 shows the logo of Italian automaker Fiat (L) in Saluzzo, near Turin, and the logo of carmaker Renault in Saint-Herblain, western France.
May 27th, 2019 - 11:00 GMT

Fiat Chrysler Submits Merger Proposal to Renault

Most mergers and acquisitions (M&A) to date have involved banks with common major shareholders.
May 27th, 2019 - 10:30 GMT

Report: GCC’s Cycle of Bank Mergers Comes to an End

OPEC and Russia continue to limit their production in order to support prices.
May 27th, 2019 - 10:05 GMT

Oil Prices Fall Following Largest Weekly Drop of 2019

The Egyptian hotel market continues to improve with the return of key international markets and a growing regional demand from Mena markets.
May 27th, 2019 - 10:05 GMT

Egypt Leads the Region in Hospitality Sector

IMF managing director Christine Lagarde addressing the Astana Economic Forum in Nur-Sultan.
May 27th, 2019 - 09:30 GMT

Astana Economic Forum Discusses Globalisation and Its Current Challenges

Qatar’s imports from China in 2018 reached $2bn, while annual exports to China worth $9bn and is growing.
May 27th, 2019 - 09:00 GMT

China Keen on Enhancing Ties with Qatar in Vital Fields

Per World Bank figures, around $79 billion remittances were sent to India in 2018. India's foreign reserves, meanwhile, fell $2 billion to $418 billion last week.
May 27th, 2019 - 08:20 GMT

Analysts Expect Indian Rupee to Retreat in Late 2019 Despite Modi's Win

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