Latest news with #XScom
Khaleej Times
6 days ago
- Business
- Khaleej Times
Dubai: Gold prices drop after hitting nearly 4-week high
Gold prices dropped in Dubai on Wednesday morning after hitting a nearly four-week high on Tuesday. The 24-carat variant of the precious metal was trading at Dh404.5 per gram, down from around Dh406 per gram yesterday as it jumped over Dh10 to hit a nearly four-week high. Similarly, 22-carat, 21-carat and 18-carat dropped to Dh374.5, Dh355 and Dh307.75 per gram, respectively. Spot gold was steady at $3,354.59 per ounce, up 0.07 per cent, as traders were jittery about the US-China trade deal. Rania Gule, senior market analyst for Mena at said gold is currently experiencing notable volatility, with prices touching levels near $3,400 per ounce before retreating slightly at the start of trading on Tuesday. 'This pullback does not necessarily reflect a weakening of bullish momentum, but rather a short technical pause in an overall upward trajectory still fuelled by several key factors, most notably escalating trade tensions, geopolitical developments, and potential shifts in US Federal Reserve policy. Gold continues to hold strong appeal as a hedging asset, and the current declines may represent medium-term buying opportunities rather than the start of a downward reversal,' she said. 'The pivotal event sparking fresh market anxiety was former President Donald Trump's announcement of plans to double tariffs on steel and aluminium imports to 50 per cent, a move that has reignited fears of a full-blown trade war with China and potentially other trading partners. "Markets are not only reacting to the numbers but also to the political messaging behind such actions — this is where the real risk lies. The uncertainty surrounding international trade relations is naturally boosting demand for gold as a safe-haven asset, even if prices temporarily dip due to fluctuations in the US dollar," added Gule.
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
Oil Futures Extend Losses on Supply-Demand Concerns
0921 ET – Oil futures are lower for a third straight session as the recent geopolitical boost recedes and focus is back on supply and demand. Ritterbusch sees 'nothing significantly bearish' about yesterday's EIA report of U.S. crude and product inventory builds, 'especially when the non-representative West Coast region was excluded.' What is bearish for oil is the monthly production increase of more than 400,000 barrels a day from OPEC+, which 'will become even more negative once the boost in OPEC supply becomes more transparent,' the firm adds. WTI and Brent are both down 1.3% at $60.75 and $64.05 a barrel, respectively. ( 0754 GMT – Oil prices extend losses after a surprise build in U.S. crude stockpiles fueled demand concerns. In early trade, Brent crude and WTI are both down 1.6% to $63.89 and $60.59 a barrel, respectively. 'The inventory build suggests weaker demand or stronger-than-expected production, contrasting with many analysts' forecasts that anticipated a stock drawdown due to rising springtime consumption,' Antonio Di Giacomo, analyst at says. Meanwhile, OPEC+ members are discussing the possibility of making another large output hike in July, although no final agreement has been reached yet, according to a Bloomberg report. A substantial production increase could exacerbate concerns of an oversupplied market, particularly as uncertainties surrounding trade talks and the broader economic outlook continue to cloud sentiment. (
Zawya
19-05-2025
- Business
- Zawya
Double Triumph for XS.com at Traders Summit 2025: Recognized for trust and withdrawal excellence
UAE – the global FinTech and financial services provider, took center stage at the Forex Traders Summit Dubai 2025 held on May 14–15 at the world-class Festival Arena in Dubai, by winning two prestigious awards — 'Most Trusted Broker' and 'Fastest & Most Secure Withdrawals', amplifying its role as an innovator shaping the future of trading. Serving as the Official Sponsor, emphasized its dedication to empowering the global trading community with cutting-edge solutions and a service model that puts traders' needs at the forefront. Smart Vision's summit brought together thousands of traders, investors, and financial experts, creating a high-energy environment filled with fresh ideas, transformative strategies, and endless networking opportunities. The booth of the global multi-asset broker became a magnet for traders, highlighting its powerful trading platforms, real-time market insights, and innovative services that are raising the bar for what traders can expect from their platforms. Shadi Salloum, MENA Regional Director at expressed his gratitude for the recognition: 'Winning the 'Most Trusted Broker' and 'Fastest & Most Secure Withdrawals' awards is an immense honor. We owe this win to the incredible traders who put their confidence in us, and to our powerhouse team whose tireless effort and passion elevate expectations even higher for what great service looks like in this industry. Being the Official Sponsor of the Forex Traders Summit isn't just a role—it's a reflection of our deep-rooted commitment to the people, progress, and passion that drive the trading world forward.' The awards also reflected accelerating influence throughout the MENA region, where innovation, trust, and trader-first service are setting it apart. Through a bold blend of localized support, insightful education, and next-gen infrastructure, continues to deliver real-world impact—earning lasting trust and driving innovation across the financial community. Dr. Mohammed Elnozamy, Chairman and Managing Director of Smart Vision, shared his remarks on the collaboration: 'By consistently delivering value, has become a benchmark for quality and progress in the financial world. Their track record of innovation and dedication to trader success made a deserving recipient of the 'Most Trusted Broker' and 'Fastest & Most Secure Withdrawals' awards. From start to finish, their contribution was indispensable, and we were proud to have them at the heart of this year's summit.' This achievement reinforces momentum as it continues to reshape how traders engage with the markets—regionally and worldwide. stays laser-focused on innovation and transparency, equipping traders with the tools and confidence to take on the markets with clarity and control. XS Company Review The XS Group (operating under brand name 'XS' or ' is a Global Multi-Asset Broker providing access to trade a wide range of financial products. Established in Australia in 2010, has grown into a global market leader in the FinTech, financial services and online trading industry with licences in various jurisdictions and offices in different locations around the globe. offers traders, institutional investors and brokers worldwide access to deep institutional liquidity and advanced trading technology, combined with an efficient user experience, high-quality relationship management and excellent customer support. Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. About Smart Vision Smart Vision is one of the largest expertise houses that is specialized in the international and local capital markets in the field of training, skills development and organizing international conferences. Smart Vision is classified in the three top positions in the field of training and financial expertise in the Arab world of the financial sector and capital markets.
Zawya
09-05-2025
- Business
- Zawya
XS.com paves the way as the official sponsor of Traders Summit Dubai
UAE – the award-winning global leader in multi-asset trading and financial services, is excited to announce its role as the Official Sponsor of the prestigious Forex Traders Summit Dubai 2025. The event will unfold on May 14–15 at the world-class Festival Arena in Dubai, convening the industry's top minds to spotlight emerging trends, powerful strategies, and transformative opportunities across global financial markets. As part of its leadership presence at the Forex Traders Summit, will host thought-provoking panel discussions featuring high-profile speakers. The global multi-asset broker will also offer educational seminars, providing practical strategies, market insights, and technological expertise. Participants will have the opportunity to engage with team, explore hands-on demos of its top-tier trading platforms, and discover how the company's bold, trader-centric services drive success. Speaking about the sponsorship, Shadi Salloum, MENA Regional Director at stated: 'We're proud to continue our tradition as the Official Sponsor of the Forex Traders Summit Dubai 2025. Each year, this event allows us to reconnect with the trading community, share valuable insights, and provide the resources traders need to succeed. We're dedicated to working alongside active investors in the MENA region, helping them navigate market trends and providing the tools that turn their success into our shared victory.' The Forex Traders Summit Dubai, organized by Smart Vision, is recognized as one of the premier financial events in the region, offering a dynamic platform for dialogue, collaboration, and knowledge-sharing among financial market participants, fintech leaders, and industry innovators. sponsorship underscores its dedication to promoting educational initiatives and driving excellence in the global financial services landscape. Dr. Mohammed Elnozamy, Chairman and Managing Director of Smart Vision, welcomed the collaboration: 'We are delighted to have as our Official Sponsor for the Forex Traders Summit Dubai 2025. Their outstanding reputation in the fintech and financial services sectors, particularly in the MENA region, makes them an invaluable partner for this important event. It's a pleasure to have them back again, and we look forward to their continued contributions to the summit's success.' With an exciting agenda filled with keynote speeches, panel discussions, workshops, and networking sessions, the Forex Traders Summit Dubai 2025 promises to deliver an exceptional experience for all participants. As the Official Sponsor, continues to drive financial transformation, expand learning opportunities, and promote deeper industry engagement. The multi-award winning broker invites all attendees to visit booth no. 20 at the Festival Arena in Dubai to explore its comprehensive suite of services, meet its team of experts, and discover how is establishing a new standard of innovation and leadership in the financial services sector. XS Company Review The XS Group (operating under brand name 'XS' or ' is a Global Multi-Asset Broker providing access to trade a wide range of financial products. Established in Australia in 2010, has grown into a global market leader in the FinTech, financial services and online trading industry with licences in various jurisdictions and offices in different locations around the globe. offers traders, institutional investors and brokers worldwide access to deep institutional liquidity and advanced trading technology, combined with an efficient user experience, high-quality relationship management and excellent customer support. Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. About Smart Vision Smart Vision is one of the largest expertise houses that is specialized in the international and local capital markets in the field of training, skills development and organizing international conferences. Smart Vision is classified in the three top positions in the field of training and financial expertise in the Arab world of the financial sector and capital markets.
Wall Street Journal
09-05-2025
- Business
- Wall Street Journal
Oil Edges Higher Amid Optimism Over U.S.-China Trade Talks
0006 GMT — Oil edges higher amid optimism over U.S.-China trade talks. President Trump sounded an optimistic note about U.S.-China talks scheduled for this weekend in Switzerland, and said he could possibly talk with Chinese President Xi following the negotiations. 'Talks between the world's two largest economies aim to ease trade tensions that have significantly impacted the global economy, particularly the energy market,' Antonio Di Giacomo says in an email. 'Investors hope that progress in these negotiations will help stabilize global crude oil demand,' the financial markets analyst adds. Front-month WTI crude oil futures are 0.3% higher at $60.10/bbl; front-month Brent crude oil futures are 0.3% higher at $63.04/bbl. (
