Gold

NEWS DESK

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

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 […]

Business Markets

Global gold demand rose in 2024, boosted by central banks’ buying

Arnold Pinto 14/04/2025

And strong investment demand The World Gold Council’s Gold Demand Trends report for Q4 and the full year 2024 highlights an exceptional surge in global gold demand, marking a new all-time high of 4,974 tonnes. The increase was primarily driven by robust and sustained central bank purchasing activity, alongside strong growth in investment demand. Record-high […]

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’s deleveraging pullback fails to shake supportive outlook – Saxo Bank MENA

PR News Desk 09/04/2025

Spot gold’s initial response to last week’s announcement of the steepest US trade barriers in more than 100 years was a move to a fresh record high of USD 3,167 per troy ounce on heightened inflation risks. However, surging volatility in response to collapsing stock markets turned the attention to capital preservation and deleveraging—a focus […]

NEWS DESK

Unique World launches Dubai’s new gold jewellery and lifestyle hub that will re-define shopping

PR News Desk 08/04/2025

Unique World Group, a Dubai-based conglomerate, has launched Unique World Mall – a new gold jewellery as well as a lifestyle hub opposite Karama in Bur Dubai area – that is set to widen the choice of local and international buyers looking for an alternative shopping destination for gold jewellery. The new gold hub will […]

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

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 […]

NEWS DESK

Gold Hits Record Highs Amid Inflation Fears; US Equities Face Volatility with Tech Sector Declines –  Saxo Bank MENA

PR News Desk 25/03/2025

Commodities Gold set multiple new records, peaking above $3,055/oz on Mar 19, driven by inflation fears and geopolitical tensions. Copper surged above $5.20/lb on Mar 19, influenced by tariff-driven supply disruptions. Crude fluctuated, impacted by Middle East tensions and sanctions risks, trading near $70/bbl late week. Equities Digital Assets Bitcoin fluctuated around

NEWS DESK

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 […]

NEWS DESK

Oil prices dip amid rising geopolitical tensions; Gold hits record high as Middle East conflicts escalate –  Saxo Bank MENA

PR News Desk 19/03/2025

Commodities Equities FX Macro Fixed Income

NEWS DESK

Gold holds steady despite deleveraging risks in volatile markets- Saxo Bank MENA

PR News Desk 12/03/2025

The “Magnificent Seven” tech stocks—Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla—were, until very recently, the crown jewels of Wall Street, driving much of the market’s gains in 2024 while pulling in billions of dollars from overseas investors looking to join a period of US exceptionalism. However, the tide has turned dramatically in

NEWS DESK

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 […]

Gadgets UAE

Caviar unveils customised iPhone range in Dubai

News Desk 09/03/2025

Including gold-plated version Dubai-based tech-luxury brand, Caviar, has launched some of its most extravagant customised iPhone models in the UAE, including a gold-encrusted version and a stunning device adorned with an authentic tourbillon function. The Tourbillon Carbon Gold, one of the most expensive iPhones available in the UAE, is at the heart of Caviar’s Dubai

NEWS DESK

Gold Near All-Time High as Investors Brace for Impact of Tariffs and Economic Data 

PR News Desk 06/03/2025

Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however, tariff uncertainties and a rising supply outlook capped gains. Brent futures were trading up 39 cents, or 0.56%, at $69.69 a barrel by 0416 GMT, while U.S. West Texas Intermediate crude (WTI) futures climbed 39 cents, or 0.59%, to […]

NEWS DESK

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+, […]

NEWS DESK

Stagflation and geopolitical tensions fuel renewed demand for gold – Saxo Bank MENA

PR News Desk 05/03/2025

Global financial markets are on both a technical and an emotional edge as Trump’s tariffs have gone forward, and speculation swirls that he will announce something particularly dramatic in a speech later today. Given the recent movements across the US stock market and the dollar—which has weakened instead of rising—there is growing speculation that we […]

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 […]

NEWS DESK

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 […]