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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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Positive financial results announced by banks and telecoms come at a time when the Kingdom announced taking its first step into the world’s main equity benchmarks.
May 26th, 2019 - 05:33 GMT

Saudi Stock Market Index Trading at Highest in Nearly Four Years

Ghassan Salame, UN special envoy for Libya and head of the UN Support Mission in Libya (UNSMIL) speaks during a press conference in the Libyan capital Tripoli.
May 25th, 2019 - 01:00 GMT

UN Envoy: Libya Is Committing Suicide by Wasting Its Oil Wealth

Britain's Prime Minister Theresa May reacts as she announces her resignation outside 10 Downing street in central London on May 24, 2019. Beleaguered British Prime Minister Theresa May announced on Friday that she will resign on June 7, 2019 following a Conservative Party mutiny over her remaining in power.
May 25th, 2019 - 10:53 GMT

What Investors in UK Should Do After 'Trexit'

The Facebook cryptocurrency would need to overcome numerous technical and regulatory hurdles before it can be launched.
May 25th, 2019 - 10:35 GMT

Facebook to Launch Its Cryptocurrency in 2020

WhatsApp's "Status" feature allows users to share text, photos, videos and animated GIFs that disappear after 24 hours.
May 25th, 2019 - 10:24 GMT

WhatsApp to Introduce 'Status Ads' in 2020

About 5% of the monthly active users on Facebook were fake accounts.
May 24th, 2019 - 01:00 GMT

Facebook Removes over 3 Billion Fake Accounts in 6 Months

His Majesty King Abdullah, accompanied by HRH Crown Prince Hussein, holds trilateral talks with Iraqi President Barham Saleh and Palestinian President Mahmoud Abbas in Amman on Thursday.
May 24th, 2019 - 11:00 GMT

Jordan Stresses the Need to Advance Economic, Trade Cooperation with Palestine, Iraq

UAEU improved their score this year with more research publications while Khalifa University rose up through the ranks thanks to better teaching techniques.
May 24th, 2019 - 09:00 GMT

Two UAE Universities Among Asia’s Top 50

Stronger energy prices in much of 2018, combined with the return of foreign liabilities, enhanced liquidity and supported private sector credit growth, according to the IMF.
May 24th, 2019 - 07:59 GMT

Report: Non-Oil Sector to Boost Qatar’s GDP Growth to 3.1 Percent

Chinese Foreign Minister Wang Yi attends a press conference in Sochi, Russia, on May 13, 2019.
May 24th, 2019 - 06:00 GMT

China Denounces US for ‘Bullying’ Huawei

Hikvision is the world's largest seller of surveillance equipment.
May 24th, 2019 - 05:00 GMT

US to Ban Chinese Surveillance Giant Hikvision over Human Rights Abuses

Aramco will buy 5 million tons of liquid natural gas per year.
May 23rd, 2019 - 08:33 GMT

Aramco Inks 20 year Deal to Buy US Natural Gas

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