Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- CBB 12 Month Treasury Bills Issue 134 oversubscribed by 151%
- Bahrain All Share Index, Islamic Index close lower
- Gulf Bank supports the 'Diraya' campaign through Kuwait TV
- Asian markets track Wall St down with Nvidia, US jobs in view
- CBO announces approved fee structure for national payment card "Maal"
- Oman-Japan energy ties: Driving economic diversification and green transformation
- S&P 500 eyes longest losing run since August on AI, crypto fears
- Ithmaar Bank appoints new Head of Corporate Banking
- Ooredoo launches 'Ooredoo Office' to support business connectivity in Qatar
- QIB wins 3 digital innovation awards from The Asset Triple A Islamic Finance Awards
19/11/2025 04:09 AST
Gold prices rose from a one-week low on Tuesday, supported by soft U.S. employment numbers, while investors assessed the likelihood of a Federal Reserve interest rate cut in December ahead of more delayed U.S. data releases this week.
Spot gold was up 0.6% at $4,068.05 per ounce, as of 12:01 a.m. ET (1701 GMT), after hitting its lowest since November 10 earlier in the session. U.S. gold futures for December delivery fell 0.2% to $4,068.40 per ounce.
Data on Tuesday showed that the number of Americans receiving unemployment benefits stood at a two-month high in mid-October, with continued claims for jobless benefits rising to 1.9 million in the week ended October 18.
"(The data) is slightly boosting market hopes for a December rate cut. This is helping gold and silver, which are trying to break a three-day losing streak," said Tai Wong, an independent metals trader.
Markets now see a 50% chance for a rate cut at the December meeting, up from 46% earlier in the day, but lower than 67% last week, the CME FedWatch tool showed.
Gold, a non-yielding asset, tends to do well when interest rates are lower. Prices fell over 3% on Friday and 1% on Monday as investors scaled back bets on another interest rate cut this year.
Markets now await minutes from the Fed's last meeting, due on Wednesday, and September jobs data on Thursday, both delayed due to the U.S. government shutdown.
Elevated official demand for gold is expected to continue for the foreseeable future, "supporting a strategically bullish bias and upside to our average price forecast of $4,000/oz for next year," analysts at Deutsche Bank said in a note.
Among other metals, spot silver rose 1% to $50.67 per ounce, platinum rose 7% to $1,544.66, and palladium dropped 1.2% at $1,409.72.
Khaleej Times
| Ticker | Price | Volume |
|---|
19/11/2025
As part of its continued support for the "Diraya" campaign, Gulf Bank participated in the Layali Al-Kuwait program on Kuwait TV, represented by Executive Manager of the Marketing Department, Mahdi Su
Kuwait Times
19/11/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, has appointed Amr Alshaher as Head of Corporate Banking, reporting to Assistant General Manager, Business Group, Mohammed Ali Safar.
The a
Trade Arabia
19/11/2025
Ooredoo has announced the launch of 'Office', a new solution designed to meet the communication and connectivity needs of startups, small offices, and growing businesses in Qatar. Ooredoo Office is a
Gulf Times
19/11/2025
Qatar Islamic Bank (QIB) has been recognised with three prestigious awards at The Asset Triple A Islamic Finance Awards 2025.
The bank was awarded 'Best Islamic Bank for Digital Innovation',
Gulf Times
19/11/2025
Qatar Fuel Company (WOQOD) announced that the Board of Directors has issued a resolution approving the recommendations of the Nominations Committee to open the nomination process for the election of
The Peninsula
Financial Information Co.
Saudi Arabia