Latest news with #Exness
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Gold Steady, Underpinned by U.S. Fiscal-Deficit Concerns
2341 GMT — Gold is steady in the early Asian session, underpinned by concerns over the U.S. fiscal deficit. The U.S. Senate passed President Trump's tax-and-spending megabill on Tuesday, with the bill now returning to the House of Representatives. The 'bill is expected to widen the deficit by US$3.3 trillion over the next decade,' Exness' Van Ha Trinh says in an email. 'At the same time, uncertainty surrounding global trade persists,' the financial markets strategist says. The precious metal could be supported by increasing investors' worries and uncertainty, the strategist adds. Spot gold is steady at $3,339.49/oz. (
Khaleej Times
3 days ago
- Business
- Khaleej Times
Dubai: Gold prices recover slightly after losing nearly Dh10 per gram last week
Gold prices recovered slightly on Monday morning after losing Dh10 per gram last week as shopping season peaks due to summer travel. The Dubai Jewellery Group data showed 24K selling at Dh394.5 per gram at the opening of the markets on Monday, down from Dh396 at the close of markets over the weekend. The most expensive variant of the yellow metal lost Dh10 per gram last week. Among the other variants, 22K, 21K and 18K opened at Dh366.75, Dh351.75 and Dh301.5 per gram, respectively. Gold jewellers in Dubai said that sales pick up during the summer travel season as many residents buy ornaments for their families and friends when travelling to their home countries during the season. This decent drop in prices allows residents to take advantage of lower prices as precious metal has been volatile over the past few months due to geopolitical tensions around the world. Spot gold was trading at $3,285.87 per ounce, up 0.3 per cent in early trade. Krisada Yoonaisil, financial markets strategist at Exness, said geopolitical developments offer mixed signals. 'While the ceasefire between Israel and Iran appeared to hold, weighing on the market concerns over its durability lingered. Ongoing tensions in Gaza and Ukraine underscored the fragility of the broader geopolitical landscape. Any escalation could weigh on market sentiment and bolster demand for safe-haven assets like gold,' said Yoonaisil.
IOL News
6 days ago
- Business
- IOL News
Exness Reaffirms Support for South African STEM Talent with Third Year of Fintech Scholarships
Discover how the Exness Fintech Scholarship empowers students studying in South Africa to pursue advanced STEM degrees through full academic support. South Africa stands at the intersection of opportunity and innovation. With a rapidly evolving digital economy, the country's future growth increasingly depends on its ability to cultivate and retain skilled professionals in science, technology, engineering, and mathematics (STEM). However, access to world-class education in these fields remains limited, particularly for students from underserved communities. To help address this gap, in 2023, global multi-asset broker Exness launched the Exness Fintech Scholarship Program in South Africa. Designed to support academic excellence and increase access to critical STEM education, the initiative reflects the company's commitment to promoting technological advancement through inclusion. Strengthening South Africa's STEM potential In recent years, the demand for talent in areas such as artificial intelligence, machine learning, data science, and financial technology has grown significantly across the African continent. South Africa, in particular, has emerged as a regional leader in fintech innovation and digital entrepreneurship. Yet, despite this growing opportunity and demand, many capable students face systemic barriers to accessing advanced STEM education. Financial limitations, unequal access to quality resources, and disparities within the education system continue to prevent deserving learners, especially those from underprivileged communities, from reaching their full academic and professional potential. By investing in scholarships and educational partnerships, Exness aims to help bridge this divide. The Fintech Scholarship Program is tailored to support students who demonstrate academic excellence but lack the financial means to pursue postgraduate studies in high-demand technical fields. Inside the Exness Fintech Scholarship Launched in 2023 and continuing into 2025, the Exness Fintech Scholarship provides full academic support to South African students enrolled in postgraduate programs at the University of Cape Town (UCT). The scholarship focuses on disciplines that align with the evolving needs of the regional and global digital economy, including artificial intelligence, data science, financial engineering, and other technology-centered fields. Exness developed the scholarship to reflect its core values: empowering individuals, fostering innovation, and advancing education through technology. The selection process is thoughtfully designed to be both inclusive and excellence-driven. Initial screening takes into account academic potential alongside socio-economic background, helping to identify bright minds who may face structural barriers to opportunity. Final shortlisting is based on merit and proven achievement, ensuring that the most capable and driven candidates receive the support to excel and contribute meaningfully to the future of STEM. Through its partnership with the University of Cape Town, Exness ensures that scholarship recipients benefit from a world-class education at one of Africa's leading academic institutions. Consistently ranked among the continent's top universities and internationally recognized for its excellence in science and technology, UCT offers scholars access to distinguished faculty, cutting-edge research facilities, and a vibrant academic community committed to their growth and professional development. The scholarship covers full tuition fees and accommodation, along with a monthly stipend to assist with living expenses. By removing financial obstacles, Exness enables students to focus on their studies and make the most of their academic opportunities. Long-term impact and alignment with Exness values This scholarship is not just an educational grant; it represents a long-term investment in the development of South Africa's technology ecosystem. By enabling talented individuals to build careers in data science, artificial intelligence, and related fields, Exness is helping to create a pipeline of future innovators and problem-solvers. As of 2025, the Exness Fintech Scholarship remains one of the few scholarship initiatives in South Africa offering comprehensive academic support to postgraduate students in fintech-aligned STEM fields. It fills a vital gap by ensuring that capable students are not excluded from transformative opportunities due to financial limitations. A broader commitment to education and innovation At its heart, the Exness Fintech Scholarship is about opening doors. It's a way to support students with the talent and drive to succeed in technology, but who may not have the means to get there on their own. As a company built on technology and innovation, Exness understands how important it is to invest in people, not just systems. By supporting access to education in fields like data science, AI, and fintech, we hope to play a small part in helping young people build futures they can be proud of—futures that can also strengthen their communities. Looking ahead South Africa has no shortage of bright, ambitious minds. What's often missing is the access and support to help them thrive. Through the partnership with the University of Cape Town, Exness is working to change that, step by step, student by student. Through its partnership with UCT and its support of ambitious postgraduate students, Exness is contributing to a more inclusive and capable technology workforce. In doing so, the broker reinforces its commitment to building not just better markets, but stronger communities—one scholar at a time.
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Gold Edges Lower, Weighed by Stronger-Than-Expected U.S. Data
2339 GMT — Gold edges lower in early Asian trade, weighed by stronger-than-expected U.S. data which may damp Fed rate-cut hopes. The number of people who applied for unemployment benefits last week fell to five-week low and durable-goods orders posted their largest gains in 11 years. The focus is likely to be on PCE inflation report due later today. Market participants now await upcoming data for further direction, Exness' Krisada Yoonaisil says in an email. Meanwhile, worries over the Fed's independence could fuel safe-haven demand, the financial markets strategist adds. Spot gold is 0.3% lower at $3,318.80/oz. (
Khaleej Times
18-06-2025
- Business
- Khaleej Times
Dubai: Gold prices stable as Iran-Israel war keeps precious metal high
Gold prices were steady in Dubai on Wednesday morning ahead of the US Federal Reserve meeting, but remain well-supported by the ongoing military conflict in the Middle East. The 24K variant of the precious metal was trading at Dh409 per gram, slightly up from last night's close. Meanwhile, 22K, 21K and 18K were selling at Dh378.75, Dh363.25 and Dh311.25 per gram, respectively. Spot gold was trading at $3,394.53 per ounce, up 0.16 per cent. Wael Makarem, financial markets strategist lead at Exness, said gold prices held steady as investors weighed geopolitical developments against monetary policy expectations. Stay up to date with the latest news. Follow KT on WhatsApp Channels. 'The yellow metal could remain supported by ongoing tensions in the Middle East and continued investor inflows into gold-backed ETFs, which saw a net addition of 21.7 tonnes in the week ending June 13, the highest weekly inflow since early April and the fourth consecutive week of positive flows,' he said.s ' Geopolitical risks remain elevated. In the Middle East, Israel intensified its strikes on Iranian infrastructure. Meanwhile, in Eastern Europe, the ongoing conflict between Russia and Ukraine continues to weigh on investor sentiment, supporting demand for safe-haven assets such as bullion.' He added that the attention now turns to the US Federal Reserve's policy decision on Wednesday. 'While the Fed is widely expected to keep rates unchanged, markets are focused on the projections and press conference for any signals regarding the timing and scope of potential rate cuts later this year. Dovish remarks could increase the appeal of non-yielding assets, while a more cautious tone could lift US Treasury yields and weigh on gold prices. Investors also await key US macro data, including retail sales and industrial production, for further insight into the strength of the economy,' said Makarem.
