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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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Qatar has something for everyone with new products in the pipeline.
May 22nd, 2019 - 09:50 GMT

Qatar Witnesses 10 Percent Increase in Tourist Arrivals Despite the Blockade

Airlines and national aviation agencies around the world grounded the 737 Max
May 22nd, 2019 - 09:02 GMT

Chinese Airline Seeks Boeing Compensation for 737 Max Grounding

People were seen rushing to gas stations Monday as worries of nationwide gas shortages grew.
May 22nd, 2019 - 08:26 GMT

Fuel Deliveries Resume in Lebanon After Customs Suspends Strike

Investors will be able to plan long-term strategies for their businesses and invest more in existing businesses.
May 22nd, 2019 - 07:40 GMT

How the UAE’s 'Golden Card' Will Nourish the Economy

Increasing taxes was another possibility that the Cabinet should consider if it wanted to increase revenues in 2019.
May 22nd, 2019 - 07:19 GMT

How Cutting Salaries, Ending Tax Evasion Will Rein Deficit in Lebanon

It is easier to be a young female Turkish politician in the U.K. than being one in the EU.
May 22nd, 2019 - 07:09 GMT

Brexit to Enhance Trade Between Turkey and UK

Dubailand and Business Bay will also see a lot of activity, with 12 projects apiece likely to be completed
May 22nd, 2019 - 06:59 GMT

Over 48,000 Residential Units to Be Available in Dubai by 2020

Turkey began trimming its Iranian imports as early as March.
May 22nd, 2019 - 06:41 GMT

Turkey Yields to US by Closing Its Ports to Iranian Oil

The debt issuance was dominated by Qatari and Saudi sovereigns and quasi-sovereigns comprising over $29 billion. 
May 22nd, 2019 - 06:12 GMT

GCC Debt Issuance Soars to $32 Billion in Q1 2019

The UAE leads the pack with highest number of mergers both in terms of value and volume.
May 22nd, 2019 - 05:48 GMT

GCC Banking Sector to Witness Mergers Worth Nearly $1 Trillion

Dubai offers an average monthly salary estimated at Dh10,488 ($2,856) to employees in 2019.
May 22nd, 2019 - 05:41 GMT

Dubai Listed Among World's Top 20 Cities for High Salaries

The permanent residence 'Gold Card' will be given to distinguished individuals, exceptional talents and anyone who contributes positively to UAE's success story.
May 21st, 2019 - 09:45 GMT

New Permanent Residency Scheme Announced in UAE

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