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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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Annual tax revenues from fuel derivatives stand at around JD1 billion, close to returns from tobacco product taxation.
May 27th, 2019 - 07:49 GMT

Sales Tax Returns Plummet in Jordan Despite the Hike in Public Revenues

 Fitch Ratings predicts a possibly stronger position for Samsung following the end of supplies and updates to Huawei by Google and SoftBank Group-owned chip designer ARM.
May 27th, 2019 - 07:18 GMT

US-China Trade War: A Curse on Huawei, a Blessing to Samsung

The central bank's first-quarter 2019 survey results suggested an increase in demand appetite for business loans.
May 27th, 2019 - 06:42 GMT

Expats Demand of Personal Loans Declines in UAE

Huawei's shipments may drop by as much as 24 per cent this year.
May 26th, 2019 - 12:00 GMT

After the US Ban, What's Huawei's Fate in UAE?

The dollar remains a key drag with its continued strength against most of the major currencies.
May 26th, 2019 - 11:30 GMT

The Effect of US-China Trade War on the Global Economy

Lebanese Prime Minister Saad Hariri delivers a speech at an iftar on Saturday.
May 26th, 2019 - 11:00 GMT

Hariri: New Budget to Save Lebanon's Economy

The ABCC reveals that a large bulk of the exports went to the UAE, posting around $239.15 million, or around 282.7 thousand tonnes.
May 26th, 2019 - 10:30 GMT

Brazil Exports to Arab Region Soars to $980 Million in April

Bahrain already faces interest payments of BD640m this year and BD697m next year on outstanding debt.
May 26th, 2019 - 09:30 GMT

Bahrain Expects to Cut Deficit by 2020

Despite repeated attempts, officials at Jet Airways and Emirates refused to comment and details were awaited.
May 26th, 2019 - 09:00 GMT

Jet Airways Founder Barred from Leaving India

This combination of file pictures created on May 19, 2019 shows the logo of the US multinational technology company Google and the logo of Chinese electronics firm Huawei. (AFP photo)
May 26th, 2019 - 08:30 GMT

China Aims for Revenge by Introducing Cybersecurity Laws to Ban US Tech Firms

The prices hit a 2019 high of $75 a barrel in April, which saw prices going up 6.3 per cent compared to March 2019.
May 26th, 2019 - 08:00 GMT

US-China Trade Talks to Determine Oil Prices

Lebanon can no longer import pharmaceuticals from Iran after the US sanctions on Iran.
May 26th, 2019 - 07:30 GMT

Lebanon to Resort to Europe for Pharmaceuticals After US Sanctions on Iran

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