Century Financial

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

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 […]

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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. […]

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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 […]

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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

NEWS DESK

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

NEWS DESK

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 […]

NEWS DESK

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 […]