Century Financial

NEWS DESK

Oil Prices Inch Up, Gold Struggles Amid US Dollar Strength and OPEC Demand Outlook 

News Desk 1 14/11/2024 0

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but gains were limited as the dollar hit a seven-month high. On Tuesday, the benchmarks closed at their lowest level in nearly two weeks after the

NEWS DESK

Bitcoin Hits $89K Record, Gold Slips as Dollar Strengthens Post-Trump Victory – Century Financial

News Desk 1 12/11/2024 0

Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.The largest token has jumped about 32% since the US election on Nov. 5 and hit an all-time high of $89,599 early on Tuesday. […]

NEWS DESK

Impact of a Donald Trump win on US – GCC Ties – Century Financial

News Desk 1 07/11/2024 0

A Trump victory would have a mixed impact on US and Gulf ties due to several factors, such as trade tariffs, oil production, strong U.S. support, and urgent conflict resolution. Trump’s proposed tariffs on imports might strengthen the US dollar through reduced spending on foreign goods, benefiting GCC currencies like the Saudi riyal or the […]

NEWS DESK

Geopolitical Tensions Boost Oil Prices; Bitcoin Rallies as Election Day Nears – Century Financial

News Desk 1 02/11/2024 0

Oil edged higher after a two-day decline, with traders weighing developments in the Middle East and the prospects for more OPEC+ supply. Brent rose toward $72 a barrel after tumbling more than 6% over the previous two sessions, while West Texas Intermediate was near $68. While one Israeli minister suggested that the war with Hezbollah […]

NEWS DESK

Century Financial and Abu Dhabi School of Management Sign MOU

News Desk 1 01/11/2024 0

Intensifying their efforts to equip the grassroots workforce with financial literacy; Century Financial, the region’s leading investment services firm, entered an MOU with the Abu Dhabi School of Management (ADSM) ensuring future engagement. Along with the United Nations PRME Middle East chapter, the collaboration recently hosted an event in Abu Dhabi with 50+ companies.

NEWS DESK

Gold Surges; Bitcoin Gains Momentum – Century Financial 

News Desk 1 18/10/2024 0

Gold surged above $2,700 an ounce for the first time as investors flocked to safety amidst rising geopolitical tensions and a tight U.S. presidential election race. Israel declared it killed Hamas leader and vowed to continue fighting until all hostages seized by Hamas were released. Additionally, traditional election polls in the U.S. are painting a […]

NEWS DESK

Gold Prices Climb as Investors Brace for Election 

News Desk 1 17/10/2024 0

The ADX General is advancing slightly to 9,312.08 in Abu Dhabi. International Holding Co. PJSC contributed the most to the index gain, increasing 0.4%. Bank of Sharjah had the largest increase, rising 2.9%.The DFM General Index is falling 0.4% at 4,467.84 in Dubai. Emirates NBD Bank PJSC contributed the most to the index decline, decreasing […]

NEWS DESK

Bitcoin and Gold Both Poised for Growth – Century Financial

News Desk 1 16/10/2024 0

Bitcoin (BTC), the world’s largest cryptocurrency by market value, surged over 3% to reach $67,200 on Wednesday, its highest level since July, driven by investor enthusiasm and political developments in the US. Market optimism was fueled by strong participation in Trump-backed WLFI tokens and anticipation of crypto-friendly regulations as the US presidential elections

NEWS DESK

Gold Faces Sixth Consecutive Decline Amidst Strengthening Dollar – Century Financial

News Desk 2 09/10/2024 0

Gold is trading lower for the sixth straight session on Wednesday. The greenback has rallied in recent days amidst expectations of a more moderate pace of policy easing by the Fed. The markets are now expecting 50 bps of rate cuts in 2024, down from 75 bps just two weeks ago. There is an 87% […]

NEWS DESK

Century Financial celebrates the UAE’s thriving SME Landscape with the third edition of the Golden Frame Awards

News Desk 1 30/09/2024

Century Financial proudly celebrated the remarkable achievements of standout SMEs during the third edition of the SME Golden Frame Awards, held at the Gulf Business Awards 2024. This was in line with the UAE’s strategic vision to solidify its position as a global business hub and a thriving destination for SMEs, reinforcing the nation’s commitment […]

NEWS DESK

Gold Prices Surge 1% as U.S. Consumer Confidence Hits New Low – Century Financial

News Desk 1 25/09/2024

Gold prices surged over 1% in yesterday’s trading session after the U.S. consumer confidence data fell unexpectedly in September to 98.7, marking the biggest drop since August 2021. The decline is attributable to concerns about the labour market. The percentage of consumers reporting a robust job market decreased for the seventh consecutive month to 30.9%, […]

NEWS DESK

Century Financial Joins United Nations Global Compact Network UAE, Embraces Climate Ambition Accelerator 2024

News Desk 1 19/09/2024

Century Financial is proud to announce its participation with the United Nations Global Compact Network UAE (UNGC UAE) and its participation in the esteemed Climate Ambition Accelerator 2024. This milestone highlights Century Financial’s unwavering commitment to sustainability and aligns with its strategic goal to achieve net zero emissions As one of the first

NEWS DESK

Gold Prices Dip Awaiting Fed Decision; Oil Prices Rise Amid Central Bank Anticipations – Century Financial

News Desk 1 17/09/2024

Oil prices finish higher despite weak China data and gear up for a week of ‘amplified’ volatility: Oil futures rose Monday as traders shook off another round of lackluster data from China to focus on upcoming decisions by global central banks during a week that’s likely to see “amplified” volatility.Oil prices were steady on Tuesday, […]

NEWS DESK

Fed’s September Decision Could Break Four-Year Rate Streak – Century Financial

News Desk 1 16/09/2024

With just three days until the September FOMC meeting, market expectations are leaning toward a 25-basis point rate cut, though there’s still some speculation about the possibility of a larger 50-basis point reduction. If the Federal Reserve does make this move on September 18, it would mark the first rate cut over four years, potentially […]

NEWS DESK

Oil drops on hurricane impact, gold hits record, bitcoin falls ahead of Fed meeting

News Desk 1 16/09/2024

It’s the Epicenter of U.S. Gas Exports, and a Hurricane Magnet: When Francine slammed southern Louisiana, it became the latest storm to hit near an area that has become the epicenter of U.S. LNG exports. Oil falls after back-to-back gains on storm disruptions, still settles higher for the week: Oil futures finished with a loss […]

NEWS DESK

Gold Edges Up 0.4% Ahead of US Inflation Data

News Desk 1 10/09/2024

Gold edged up 0.4% in yesterday’s trading session as markets focus on tomorrow’s US inflation data, which could offer insight into the Federal Reserve’s next move on rate cuts. Currently, the market is pricing in a 129% probability of a full rate cut, with a 29% chance of an additional cut, bringing the implied rate […]

NEWS DESK

Oil Slumps 8% and Gold Declines Following U.S. Jobs Data – Century Financial

News Desk 1 09/09/2024

Oil prices drop 8% for the week, pressured by prospects of a slowdown in demand: Oil futures fell sharply on Friday to post a weekly drop of about 8%, with global benchmark prices settling at their lowest since 2021, driven by worries over a slowdown in demand. OPEC+ delaying its oil-output increase won’t solve ‘pervasive’ […]

NEWS DESK

Oil, Gulf Markets, and Gold Face Downturn – Century Financial

News Desk 1 04/09/2024

Oil prices tumble on growth fears, wiping out 2024 gains: Oil futures settled Tuesday at their lowest prices of the year as downbeat economic data from China and a weak reading on the U.S. manufacturing sector fed worries about a slowdown in energy demand.Oil Futures Sink On Supply-Demand Worries: Crude futures fall to their lowest […]

NEWS DESK

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. demand

News Desk 1 26/08/2024

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. demand: Oil futures settled higher Friday, extending a bounce from the previous session, after comments from head of the Federal Reserve confirmed prospects for interest-rate cuts that would help strengthen the economy – and demand for crude. Halliburton Hit by Cyberattack:

NEWS DESK

Oil Futures Hit Two-Week Low; Gold Trades Higher Ahead of CPI Report – Comments from Century Financial

News Desk 2 10/07/2024

Oil prices finish lower after Hurricane Beryl leaves energy infrastructure largely unscathed: Oil futures lost ground Tuesday, with U.S. benchmark prices settling at their lowest in nearly two weeks after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage. U.S crude oil futures slipped in post-settlement trading Tuesday even as the American