Century Financial

NEWS DESK

UAE IPO List Is About To Get More Diverse – Cafu IPO on The Cards

PR News Desk 25/04/2025

UAE’s mega IPO bull wave will likely see another addition to its kitty. Cafu, UAE’s popular fuel delivery app, is in talks with Lazard Ltd for a possible IPO. The companies have not confirmed the exact details of the amount, the date, or even the actual possibility of the IPO. Cafu,

NEWS DESK

Gold hits historic high, bitcoin climbs as traders flee dollar : Century Financial

PR News Desk 22/04/2025

Bitcoin rallied to its highest level since Donald Trump’s “Liberation Day” tariff announcements as the dollar slumped amid renewed fears over the US president’s efforts to remove Federal Reserve Chairman Jerome Powell.  The largest cryptocurrency by market value jumped about 3% to top $88,900. That erased most of the losses sustained since Trump’s April 2 […]

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Bitcoin steady despite Fed warning; gold surges on inflation, tariff risks : Century Financial

PR News Desk 17/04/2025

Major cryptocurrencies traded mixed on Thursday after US Federal Reserve Chair Jerome Powell warned of the risks of slowing growth and rising inflation due to potential tariffs. Bitcoin rose 0.7% to $84,612, while Ethereum gained 1.6% to $1,600. The global crypto market cap edged up 0.2% to $2.64 trillion. Among altcoins, XRP, Solana, Dogecoin, Cardano, […]

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Oil gains on China import boost, gold hits fresh highs amid trade tensions and rate cut bets – Century Financial

PR News Desk 15/04/2025

WTI crude oil futures rose to around $61.8 per barrel (0.18% rise in WTI and 0.34% rise in Brent) on Tuesday after President Donald Trump hinted at another tariff exemption. On Monday, Trump said he is considering temporary relief from the 25% tariffs on the auto industry to give carmakers time to adjust their supply […]

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Oil Falls on Supply Worries as Gold Hits Record Amid Safe-Haven Rush – Century Financial

PR News Desk 14/04/2025

Although WTI prices rose 2.02% on Friday, oil prices fell by 1.44% for the previous week, seeing prices drop to the $55.22 mark before recovering in a highly volatile week. This marks the continuation of bearish pressures on the commodity, as investors remained worried about weakening global economic growth due to the escalating trade war […]

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Century Financial Backs Abu Dhabi Sustainable Finance Declaration, Advancing UAE’s Green Finance Goals

PR News Desk 11/04/2025

Century Financial, a leading investment and wealth management firm in the UAE, has signed the Abu Dhabi Sustainable Finance Declaration, reaffirming its dedication to fostering a greener financial services sector and supporting the UAE’s vision for a sustainable economy. The green finance sector is experiencing unprecedented growth, powered by regional and global momentum.

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Oil, gold, and crypto markets react to rising US-China trade tensions – Century Financial

PR News Desk 11/04/2025

Oil markets experienced a turbulent week marked by fluctuations as concerns surrounding the prolonged trade war between the United States and China weighed heavily on prices. This follows a 13% decline in the previous week, reflecting the heightened uncertainty gripping the oil market. The escalating dispute between the world’s two largest economies has raised fears

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Gold, Oil Under Pressure as Fed Flags Inflation Risk and Trade War Intensifies – Century Financial

PR News Desk 07/04/2025

Gold prices dropped to their lowest point in over three weeks on Monday amid a broader market sell-off. Gold fell more than 2.46% on Friday as investors sold off bullion to cover their losses from a broader market meltdown as an intensifying trade war sparked global recession concerns. During market volatility, the price drop in […]

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Gold Pulls Back, Oil Drops, Markets Slide as Tariff Turmoil Grows – Century Financial

PR News Desk 04/04/2025

Gold retreated from its recent peak, impacted by market pessimism stemming from President Trump’s aggressive tariff policy. After reaching a record high of $3,167 per ounce on Thursday, prices declined as the potential global economic repercussions of the tariffs became evident. Nevertheless, gold remains supported by persistent trade volatility, macroeconomic

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Potential Impact of New Tariffs being Imposed by Donald Trump on the UAE and GCC – Century Financial

PR News Desk 02/04/2025

Vijay Valecha, Chief Investment Officer, Century Financial“The tariffs established during President Trump’s administration, expected to generate around $700 billion in revenue annually, have significant implications for both global and regional trade. On a global scale, these tariffs are primarily aimed at countries where the U.S. has large trade deficits, like

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Gold Gains Nearly 19% YTD as Trade and Rate Uncertainty Persist – Century Financial

PR News Desk 02/04/2025

WTI crude oil futures fell below $71 per barrel on Wednesday as markets braced for US reciprocal tariffs that could escalate the global trade war. The White House did not disclose details on the size or scope of the tariffs but stated they would take effect immediately after being unveiled on Wednesday. President Trump also […]

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How Eid will impact gold & markets – Century Financial

PR News Desk 26/03/2025

Eid-al-Fitr impact gold & marketsHistorically, Eid has fallen in late March or early April for approximately the last 3–4 years and will continue to do so for a few more years before shifting into earlier March. Eid gifting remains a core element of this celebration. It is anticipated that more than 50% of UAE residents […]

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Fed Holds Rates Steady – Century Financial

PR News Desk 20/03/2025

The Federal Reserve has decided to keep interest rates steady, meaning there will be no changes in this area for now. The median forecast for rate cuts remains unchanged from December, with expectations of two rate cuts being the central projection. Additionally, the Fed is slowing its Treasury runoff, a part of quantitative tightening, to […]

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Gold rose by 0.18% today – Century Financial

PR News Desk 19/03/2025

WTI crude oil futures extended its recent decline toward $66 per barrel on Wednesday, pressured by prospects of increased Russian supply.This follows President Putin’s agreement to halt attacks on Ukrainian energy sites while rejecting a 30-day ceasefire. The potential lifting of Russian sanctions added to concerns over a surplus, as OPEC and its allies plan […]

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Gold Prices in UAE Steady Amid Global Economic Uncertainty – Century Financial

PR News Desk 17/03/2025

WTI crude oil futures rose to around $67.6 per barrel on Monday, extending gains from the previous session, after top oil importer China promised new measures to boost consumption, and the U.S. ordered attacks on Yemen’s Houthis. Beijing on Sunday unveiled plan on special initiatives to revive consumption, including raising people’s incomes and establishing a

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US Trade Uncertainty Drives Volatility in Crude Oil and Gold Prices – Century Financial

PR News Desk 10/03/2025

Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is real—but temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+’s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. Higher flows from Kazakhstan and […]

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Oil Drops, Bitcoin Stabilizes, Gold Surges Amid Trade Fears – Century Financial

PR News Desk 05/03/2025

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns that US tariffs on Canada, Mexico and China will slow economic growth and hit fuel demand. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, […]

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Bitcoin Drops to 3.5-Month Low – Century Financial

PR News Desk 28/02/2025

Bitcoin (BTC) fell below $80,000 on Friday, hitting its lowest level in 3.5 months amid uncertainty over U.S. President Donald Trump’s tariff plans, crypto regulations, and weak investor sentiment following a $1.5 billion hack in Ethereum. The world’s largest cryptocurrency was last down 5.7% at $79,792, having touched an intraday low of $78,523, its weakest

NEWS DESK

Gold Prices Edge Higher Amid Economic Uncertainty, With Focus on US Data and Fed’s Next Move

PR News Desk 26/02/2025

Gold prices have edged slightly higher after a sharp decline from near all-time highs yesterday as economic uncertainty and ongoing fears of instability around Donald Trump’s tariff plans provide some support to the yellow metal as a safe-haven asset. However, movements remain more or less rangebound. The US consumer confidence fell the most since August […]

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Crude Oil, Bitcoin and Gold Face Market Pressures Amid Global Uncertainty and Technical Challenges – Century Financial

PR News Desk 24/02/2025

Hedge funds are turning less optimistic on crude oil’s prospects, trimming net-bullish bets in a further sign of market softening.Net-long positions for US marker West Texas Intermediate fell for a fourth week to the lowest since October. The corresponding measure for global benchmark Brent was dialed back by the most since December in a third […]