Century Financial

NEWS DESK

Gold Hits 4-Week High : Comments from Century Financial

PR News Desk 03/06/2025

In yesterday’s session, oil rallied by almost 4%, settling at $63.27 for the day. This was mainly driven by the worst fears of significant output increases not materializing as expected. On the geopolitical front, Russia and Ukraine completed a second round of talks in Istanbul, which did not

NEWS DESK

MENA Regions First Tokenized Real Estate Project : Comments from Century Financial

PR News Desk 02/06/2025

In a significant move, the Dubai Land Department has announced the launch of the region’s first tokenized real estate investment project through the Prypco Mint Platform. The initiative is being implemented with Prypco, and collaborations from VARA, CBUAE & DFF. Zand Digital Bank is the official banking partner for the project’s main pilot phase. The […]

NEWS DESK

Oil Slips on OPEC+ Supply Surge, Gold Gains on Safe-Haven Demand : Comments from Century Financial

PR News Desk 26/05/2025

Crude oil has declined sharply this year amid concerns that Trump’s import tariffs could dent economic growth and curb demand, just as OPEC+ accelerates output increases to protect market share. Oil opened the year near $74.93 and surged to $82.63 by mid-January, only to reverse course sharply, tumbling to $58.40 by April 9. A modest […]

NEWS DESK

Gold Pauses After Record Run; Oil Tests Resistance After Double Bottom Breakout : Comments from Century Financial

PR News Desk 19/05/2025

WTI oil prices rose after exhibiting a double bottom pattern on the daily and weekly charts, closing the last week with a 2.05% gain. Although the start of the week showcased a strong performance, prices tested a resistance near the $63.5 level, where the 50-EMA also lay, and dipped to test the $60 level on […]

NEWS DESK

Gold Dips 1.1% on Risk-On Sentiment : Century Financial

PR News Desk 13/05/2025

WTI rose slightly by 0.1% and is currently trading at $62.2.From a fundamental standpoint, the US and China agreed on a much-anticipated trade agreement. According to the deal, the US and China agreed to slash reciprocal tariffs for 90 days. China will cut tariffs on the US to 10% from 125% for 90 days. The […]

NEWS DESK

Gold Slips on Trade Optimism; Oil Rallies on Tariff Relief : Century Financial

PR News Desk 12/05/2025

Gold:Gold closed in the green on Friday, up 0.6%. However, the rally was short-lived as prices stuck to intraday losses through the Asian session on Monday, and the latest optimism over a US-China trade deal undermined demand for traditional safe-haven assets. The US and China will temporarily lower tariffs on each other’s products, according to […]

NEWS DESK

FED meeting outcome and path forward : Century Financial

PR News Desk 08/05/2025

The Federal Reserve voted unanimously to leave interest rates unchanged between 4.25% and 4.50% at its May FOMC meeting, broadly in line with expectations. This marks the third consecutive meeting during which the central bank adopted a data-dependent, wait-and-see approach since the quarter-point reduction in December 2024. The rationale behind this move is that the […]

NEWS DESK

Crude Gains, Gold Slips Amid Supply Cuts and Trade Optimism: Century Financial

PR News Desk 07/05/2025

WTI crude oil futures rose toward $60 per barrel on Wednesday, building a more than 3% gain from the last session, supported by signs of weaker US production and growing demand in Europe and China. Major producers such as Diamondback Energy and Coterra Energy announced plans to reduce their rig counts, helping to limit production. […]

NEWS DESK

U.S. Fed Poised to Hold Rates : Century Financial

PR News Desk 05/05/2025

The next Federal Open Market Committee meeting is scheduled to take place this Wednesday, 7th May 2025, with market participants highly expecting the interest rates to be held stable in the 4.25%-4.50% range. As of writing, according to the CME FedWatch Tool, which tracks the likelihood of changes to the Fed Fund rates implied by […]

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Gold prices declined for the third time this week: Century Financial

PR News Desk 01/05/2025

The crypto market, while still slowed down, is seemingly stabilising after going through a rough April. Stepping into May, the markets are showing signs of consolidation. Bitcoin reflected a minor price dip of 0.17 percent to trade at $94,920. Bitcoin showed strong resilience at lower levels, fueled by continuing Bitcoin ETF inflows and increasing whale […]

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UAE prepares for major crypto leap: Century Financial

PR News Desk 29/04/2025

The UAE gears up for another big crypto push with a plan to launch a new stablecoin, backed by three entities: First Abu Dhabi Bank, the largest bank in the UAE; ADQ, one of the main sovereign wealth funds in Abu Dhabi; and International Holding Co., the largest listed company in the UAE by market […]

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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, owned by prominent Emirate […]

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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 […]

NEWS DESK

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.

NEWS DESK

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

NEWS DESK

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 […]

NEWS DESK

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