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7 03, 2024

Heading to Record Highs (Chart)

By |2024-03-07T13:49:54+02:00March 7, 2024|Gold News|0 Comments


The gold price hit a new record level at $2,161.25 per ounce. Therefore, United Overseas Bank Ltd. sees the next important resistance level at $2,167 per ounce. 

  • Even before the recent decline in the US dollar, the gold price continued its sharp upward trend, with gains reaching the $2161 resistance level per ounce, a historic record high for the gold price.
  • Overall, the gold prices rise to a record high this week has puzzled many analysts and forced traders to wonder how far it can go.

Weak US economic data and banking tensions have helped drive a 5% jump in bullion prices over the past four trading sessions, with recent gains on Tuesday and Wednesday surpassing the previous high set in December. However, the speed and scale of the move surprised many market watchers, especially given the lack of any major change in expectations for when the Federal Reserve will start cutting US interest rates, which has been the main focus. Certainly, the backdrop looks favorable for gold with geopolitical tensions higher than ever. Gold’s performance over the past year has surprised some seasoned market watchers long before the current rally, as prices have remained at elevated levels despite rising real interest rates. Usually, Gold has an inverse relationship with bond yields, but it has received support from strong buying by global central banks and consumer demand in China in particular.

Therefore, is the rise in gold just a flash in the pan, or is the yellow metal just getting started? Here are four key things to watch to determine the direction of the gold price in the coming months:

Real Yields

The primary driver for the gold price over the past year has been the market’s anticipation of when the Federal Reserve would begin to lower borrowing costs. Swap markets show a 65% chance of a cut in June, compared to 58% at the end of February. Yesterday, Federal Reserve Chairman Jerome Powell reassured lawmakers that the central bank is not in a hurry to cut interest rates until policymakers are convinced, they have won their battle over inflation. When the Fed eventually pivots, it will reduce the opportunity cost of holding gold, which bears no interest. Real yields in the United States have been declining since last October, but the recent surge in the gold price has far exceeded expectations.

Technical Indicators

The gold price hit a new record level at $2,161.25 per ounce. Therefore, United Overseas Bank Ltd. sees the next important resistance level at $2,167 per ounce. However, for Ronan O’Connell, market analysis head at StoneX Financial Ltd., the gold price is already in overbought territory above $2,115 per ounce. She noted that weak US figures last weekend triggered technical and momentum trading.

Gold Futures Open Interest

The latest COMEX data shows fund managers adding long new positions, leading to gains in gold. This increase in open interest suggests that investors are becoming more optimistic about gold, rather than just closing out existing short positions.

Chinese purchase

Swiss exports to China – usually a good indicator of Chinese demand for gold – nearly tripled in January, as consumers sought to hedge against turmoil in the country’s stock market and real estate sector. With the country’s largest state-owned lenders cutting deposit rates, putting money in the bank has become relatively less attractive compared to bullion. In addition, China is among the global central banks that buy gold to reduce its dependence on the US dollar. Obviously, China was among the largest hordes of gold last year, as countries from Poland to Singapore diversified their financial reserves by adding the precious metal.

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According to the performance on the daily chart, the general trend of the gold price is still upward. Recent gains were enough to push all the technical indicators towards strong levels of saturation with buying. Therefore, it is risky to buy from these peaks, and it is better to think about selling, but without risk and at several levels if the rise continues, as it is natural for it to occur. The nearest resistance levels for gold are currently $2163 and $2175, respectively.

Ready to trade our Gold forecast? We’ve shortlisted the best Gold brokers in the industry for you.



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7 03, 2024

Gold price today: Gold rate hits new high; March gains surpass Rs 2,700; what you should know | India Business News

By |2024-03-07T12:28:40+02:00March 7, 2024|Gold News|0 Comments


Gold rate today: Gold prices reached a new peak, hitting Rs 65,298 per 10 grams on the MCX on Thursday, marking an increase of over Rs 2,700 within the first week of March. This surge in the yellow metal’s value is driven by expectations of a June interest rate cut by the US Federal Reserve, boosting both domestic and international markets.

Chair Jerome Powell’s statement about the potential for the Central Bank to lower rates in the upcoming months lifted market spirits, leading to gold hitting a new peak of $2,152 in international markets on Wednesday.

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ET quoted Anuj Gupta, Head of Commodity & Currency at HDFC Securities sayinf prices have surged by 5.24% on Comex and by Rs 2,700 or 4.34% per 10 grams on the MCX. He noted that the market is optimistic about potential interest rate cuts by the US Federal Reserve.

As of Wednesday, the MCX gold contract price has increased by 3.12% or Rs 1,975 on a year-to-date basis.
On Thursday, MCX Silver began with a decline after finishing positively on Wednesday. Around 9:30 am, it was trading at Rs 74,015 per kg, marking a decrease of Rs 123 or 0.17%. Despite this, silver futures have seen an increase of nearly Rs 2,859 or 4.01% in March, while showing a decline of 0.39% or Rs 292 year-to-date, as per the analysis by the commodity and currency expert.

The MCX Gold April contract closed at Rs 65,199 on Wednesday, marking a modest increase of Rs 21 or 0.03%. Similarly, May Silver futures settled at Rs 74,200, rising by Rs 62 or 0.08%. Although silver reached a daily peak of Rs 74,240 per kg, it remains distant from its all-time high of Rs 79,566.

Gold has risen due to the weakening of the dollar index (DXY), which has fallen below the 104 mark once again. Currently, it is trading at 103.80 against a basket of six major currencies, remaining relatively stable. Over the last five trading sessions, the dollar index has depreciated by 0.17%.

On Thursday’s morning trade, gold futures on the Comex remained steady at $2,158.50 per troy ounce, showing a marginal increase of $0.30 or 0.1%. Meanwhile, silver futures were hovering around $24.390 per troy ounce, slightly lower by $0.103 or 0.420%.

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Neha Qureshi, Senior Technical & Derivative Analyst at Anand Rathi Commodities & Currencies, remarked that the recent surge in gold to a new record has surprised the market. This surge, driven by weak US economic data and banking concerns, resulted in a 5% increase in prices over four trading days. Despite no significant changes in expectations for Federal Reserve rate cuts, geopolitical tensions and strong demand, particularly from China, have provided solid support for gold. Furthermore, central bank purchases and consumer demand have strengthened gold, despite its traditional inverse relationship with bond yields.

Qureshi emphasised that an important aspect to monitor is the market’s expectation of the Federal Reserve’s timing for reducing borrowing costs. Currently, there is a 65% probability of a rate cut in June, according to Qureshi.

Qureshi noted that on the daily chart, the MCX April Gold contract is displaying a pattern of higher highs and higher lows, indicating a bullish trend. However, she cautioned about the Relative Strength Index (RSI), which is currently in the overbought territory. This suggests a possible pullback in prices.

The analyst from Anand Rathi identifies resistance levels at Rs 65,300-65,500 and support levels at Rs 64,500-64,300.

Gupta stated that the price of gold in major physical bullion markets such as Delhi, Ahmedabad, and other cities is Rs 66,000 per 10 grams, while the price of 1 kg of silver is Rs 75,500.



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7 03, 2024

Gold and silver prices today: Yellow metal surges for sixth consecutive day to new high

By |2024-03-07T09:46:25+02:00March 7, 2024|Gold News|0 Comments


Gold prices opened on the Multi Commodity Exchange (MCX) on Thursday at Rs 65,205 per 10 grams and hit an intraday low of Rs 65,205. In the international market, prices hovered around $2,156.24 per troy ounce.

Meanwhile, silver opened at Rs 74,444 per kg and hit an intraday low of Rs 73,840 on the MCX. The price hovered around $24.13 per troy ounce in the international market.

Manav Modi, Analyst, Commodity and Currency, MOFSL, “Gold rallied to a record high building on stellar momentum driven mostly by bets for U.S. monetary easing.”

The dollar index slipped in the yesterday’s session after Governor Jerome Powell’s testimony, where he signalled a possible rate cut later this year.

Governor Powell in his testimony reiterated his stance from earlier, mentioning that the Fed does not expect a rate cut until there is more confidence regarding ease off in inflation.

Fed chair also mentioned that the labour market is still tight, and they will carefully assess incoming data before taking any further steps.

“Bets for a rate cut in the June Fed meeting have increased from 40% last month to ~60% now, supporting an up-move in safe-haven assets,” said Modi.

On the data front, US ADP private payroll data was reported at 140k against the expectations of 149k, The focus now shifts to the non-farm payroll data scheduled tomorrow to get further clarity on the US labour market and the Fed’s stance ahead.

Jateen Trivedi, VP Research Analyst, LKP Securities, said, “Prices managed to maintain levels above 64650, albeit encountering resistance around the 64900 mark. This suggests a consolidation phase in the gold market today, following a recent strong uptrend from 62500 to 65000.”

“Market participants are closely monitoring the testimony of Federal Reserve Chair Powell, as it is expected to provide significant insights into the Fed’s projection regarding interest rate cuts in the United States. This event could potentially influence gold prices in the near term, as market sentiment and expectations regarding monetary policy shifts often have a notable impact on precious metal markets,” added Trivedi.

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COMEX Gold futures rose for the sixth straight day and touched a fresh record high of $2160.7 per troy ounce amid weak US data, renewed concerns about the US banking sector and Powell’s testimony, as per Kotak Securities research report.

COMEX Silver prices rose on Wednesday, tracking gains in bullions and base metals. Still, lack of signs of robust economic recovery from China coupled with weak factory output across major economies continue to weigh on demand prospects.

Meanwhile, China’s 5% bullish growth target for 2024 was seen as a target without plans and failed to entice investors. Chinese inflation numbers during the weekend will be used to gauge whether the recent support measures have aided consumption, as per Kotak Securities research report.



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7 03, 2024

Gold price crosses ₹48K per sovereign in Chennai today

By |2024-03-07T08:25:15+02:00March 7, 2024|Gold News|0 Comments


CHENNAI: In Chennai, today, the price of 22-carat gold increased by Rs 400 per sovereign and is sold at Rs 48,720

More than a year has passed since the price of gold began to fluctuate. It is evident that, for the majority of the day, the price of gold was rising. Accordingly, since the start of this month, its price has been increasing.

In this situation, today the price of gold increased further and touched a new high. Accordingly, gold has increased by Rs. 20 per gram and Rs. 400 per sovereign and is being sold at Rs. 6,090 per  gram and Rs.48, 720 per sovereign.

Silver retails at Rs 78.50 per gram. It is being sold at Rs. 78,500 per kg.



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7 03, 2024

Gold rate hits new high a US dollar index fell to 5-week low

By |2024-03-07T07:03:49+02:00March 7, 2024|Gold News|0 Comments


The price of gold touched a fresh peak of Rs 65,298 per 10 gm on the Multi Commodity Exchange (MCX) on Thursday.

The surge came after the US dollar index fell to a five-week low, following the US Federal Reserve’s testimony in the US Senate.

In the international market, spot gold prices were hovering around $2,150 per ounce mark, after hitting a record high earlier.

It may be noted that US Federal Reserve Chair Jerome Powell has confirmed in the US Congress that the much-awaited interest rate cut will begin this year as inflationary pressure on the US economy has eased.

“If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” US Fed chief Jerome Powell told the House of Financial Services Committee.

This not only led to a global stock market rally but also triggered profit booking in the bond and currency markets. The result was the US dollar index declining to a 5-week low.

Published By:

Koustav Das

Published On:

Mar 7, 2024



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7 03, 2024

Gold Prices Today In India (7th March 2024); Check Gold Rate In Delhi, Mumbai, Kolkata, Chennai, Thane, Surat, Pune, Nagpur

By |2024-03-07T05:42:49+02:00March 7, 2024|Gold News|0 Comments


The price of gold in Mumbai is 5971 per gram for 22 karat gold and 6514 per gram for 24 karat gold.

The price of gold in India today is 5,971 per gram for 22 karat gold and 6,514 per gram for 24 karat gold

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Check Gold Price In Your City Today On 7th March 2024

Gold Price Today In Mumbai

The price of gold in Mumbai is 5971 per gram for 22 karat gold and 6514 per gram for 24 karat gold.

Gold Price Today In Kolkata

The gold price today in Kolkata is 5971 per gram for 22 karat gold and 6514 per gram for 24 karat gold.

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More Business News

Gold Price Today In Chennai

The Gold price today in Chennai is 6014 per gram for 22 karat gold and 6590 per gram for 24 karat gold.

Gold Price Today In Delhi

The gold price today in Delhi is 5986 per gram for 22 karat gold and 6529 per gram for 24 karat gold.

Gold Price Today In Thane

The gold price today in Thane is 5,971 per gram for 22 karat gold and 6514 per gram for 24 karat gold.

Gold Price Today In Surat

The gold price today in Surat is 5976 per gram for 22 karat gold and 6519 per gram for 24 karat gold.

Gold Price Today In Pune

The gold price today in Pune is 5971 per gram for 22 karat gold and 6514 per gram for 24 karat gold.

Gold Price Today In Nagpur

The gold price today in Nagpur is 5971 per gram for 22 karat gold and 6514 per gram for 24 karat gold.



Published Date:March 7, 2024 8:50 AM IST



Updated Date:March 7, 2024 8:50 AM IST



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7 03, 2024

USWNT vs. Canada: Match Preview & How to Watch and Stream | 2024 Concacaf W Gold Cup

By |2024-03-07T04:21:39+02:00March 7, 2024|Gold News|0 Comments


The U.S. heads into the semifinal on the heels of a fiery 3-0 win over fifth-seeded Colombia on Sunday evening in Los Angeles. In a match that featured high emotion and physicality from both sides – with a combined six yellow cards handed out – a united team effort on both ends of the pitch carried the U.S. past Colombia and into the semifinal. Horan, Shaw and defender Jenna Nighswonger all scored for the Americans in the win, while Morgan and Rodman tallied assists and did well to unsettle the Colombian defense. Led by an impressive outing from Naeher in her 100th cap, the U.S. backline contained Colombia’s attack and recorded its third clean sheet of the tournament. 

Canada went to extra-time in its quarterfinal matchup against Costa Rica on Saturday evening, ultimately prevailing 1-0 off a set-piece goal in the 104th minute to make it four wins in four games at the W Gold Cup.

Brazil put away South American rivals Argentina with a comprehensive 5-1 victory on Saturday night while Mexico topped Paraguay 3-2 on Sunday afternoon in an entertaining end-to-end affair.

NAEHER JOINS CENTURY CLUB

A two-time FIFA Women’s World Cup champion, goalkeeper Alyssa Naeher etched her name into the record books again as she earned her historic 100th cap on March 3 in the USA’s 3-0 victory over Colombia. She became just the third goalkeeper in U.S. history to achieve that milestone, joining legends and Hall of Famers Hope Solo and Briana Scurry. The U.S. is now the first country in history to have three female goalkeepers with 100+ caps.

The 42nd player overall in USWNT history to reach the century mark, Naeher is, and has been for a while, the goalkeeper with the third-most caps (100), wins (81) and shutouts (61) in U.S. history. Naeher debuted for the USWNT in December of 2014 and became a consistent starter following the 2016 Olympics. She matched her calendar-year high with nine shutouts for the USWNT in 2023, three of which came at the World Cup as the U.S. allowed just one goal the entire tournament.

SHAW CONTINUES FAST START

Just over four months after making her USWNT debut, 19-year-old Jaedyn Shaw leads the U.S. in scoring with three goals in four appearances at the Concacaf W Gold Cup.

Shaw made her USWNT debut as a late second-half substitute on October 26, 2023, and three days later, scored her first international goal, tallying in the 83rd minute of the USA’s 3-0 win over Colombia at San Diego’s Snapdragon Stadium. She made her first start on Dec. 5, 2023 and pulled together a special moment, scoring a late game-winning goal against China PR in her hometown of Frisco, Texas, just a few hundred yards from her childhood apartment.

Making her second career start in the USA’s Feb. 23 match against Argentina at the W Gold Cup, Shaw netted a brace in the span of eight minutes, becoming just the seventh teenager in USWNT history to score multiple goals in a game. After making a substitute appearance against Mexico, Shaw returned to the lineup for the quarterfinal against Colombia and scored her third goal of the tournament in first half stoppage time to become the youngest player ever to score for the USWNT in the knockout rounds of a competitive tournament. She also joins Shannon Boxx as the only players in USWNT history to score in each of their first three career starts.

BIG STAGE, BIG RIVALRY

The W Gold Cup semifinal will be the 14th time the USA and Canada have squared off in the knockout rounds of a competitive tournament. Canada is by far the most common opponent the USA has ever played in knockout round matches, with Brazil the next most frequent foe with seven such meetings. The U.S. has won 11 of the 13 previous meetings between the teams in knockout round play and also won on penalties – which is officially recorded as a draw – in the final of 2008 Concacaf Olympic Qualifying. Canada’s lone win over the U.S. in a knockout round match was a 1-0 win in the semifinals of the delayed Tokyo Olympics.

The most recent knockout round meeting between the teams came in the final of the 2022 Concacaf W Championship. Squaring off on July 18, 2022, in Monterrey, Mexico, the USA prevailed 1-0 on a penalty kick goal from Alex Morgan in the 78th minute to seal the regional title and earn a spot in the 2024 Summer Olympics in Paris. The USA outshot Canada 17-11 on the night and became just the second nation to qualify for the Olympics, joining hosts France.

Canada clinched Concacaf’s second and final berth to the 2024 Summer Games by defeating Jamaica 4-1 on aggregate in a two-legged playoff during the September 2023 International Window. Bouncing back from a disappointing showing at the 2023 FIFA Women’s World Cup, Canada beat Jamaica 2-0 in the opening leg in Kingston and then officially punched its ticket with a 2-1 win in Toronto.


INSIDE THE SERIES: USA vs. CANADA

Wednesday’s semifinal will be the 65th meeting all-time between the USA and Canada in a series that dates to 1986 when the USWNT was in its second year of existence. The most-common opponent in USWNT history, the USWNT has more wins (53) and more goals (184) against Canada than any other opponent in program history. The U.S. leads the all-time series 53W-7D-4L and has won six of the last seven meetings between the teams, including a 2-0 victory in the most recent matchup at the 2023 SheBelieves Cup. Mallory Swanson scored twice for the USA in that matchup in Orlando, with the first goal assisted by Morgan.

While the Americans have had a long history of success in this series, the 18 meetings since 2011 have featured three ties, six one-goal wins for the USA and one one-goal win for Canada.

Four players on the USA’s roster have scored against Canada in their careers, led by Morgan’s 10 goals. Rose Lavelle and Lindsey Horan each have two goals vs. Canada while Lynn Williams has one.

PATHWAY TO PARIS

With less than five months until the start of the 2024 Summer Olympics in Paris, the USWNT is deep in preparation for its pursuit of a fifth Olympic gold medal. The Olympic Football Tournament features 12 teams and will be contested in seven different venues across France from July 25 to August 10: Parc des Princes in Paris, Stade de Lyon, Stade Geoffroy-Guichard in Saint-Etienne, Stade de Marseille, Stade de Nice, Stade de Bordeaux and Stade de la Beaujoire in Nantes.

All but two of the teams in the Olympic field have now been determined, with only the representatives from Africa remaining to be decided. The 2024 CAF Olympic Qualifying Tournament will conclude in early April to produce two qualifiers from Africa as Morocco takes on Zambia and South Africa faces Nigeria.

The ten teams that will be in the Olympic Women’s Soccer competition are hosts France, South American qualifiers Brazil and Colombia, New Zealand from Oceania, Spain and Germany, which defeated the Netherlands in the UEFA Women’s Nations League Third-Place match, from UEFA and from Concacaf, the USA and Canada, which secured Concacaf’s second berth to the Olympics berth by beating Jamaica in a two-game playoff during the September international window.

The USA qualified for Paris by virtue of winning the 2022 Concacaf W Championship in Monterrey, Mexico, which served as the region’s qualification for the Olympics as well as the 2023 World Cup.

The Final Draw to set the tournament schedule and groups will be held on March 20 at 2 p.m. ET and will be streamed on FIFA.com.

SHEBELIEVES CUP ON THE HORIZON

Following the completion of the Concacaf W Gold Cup, the U.S. will turn its attention to the 2024 SheBelieves Cup, presented by Visa. The USA will host Brazil, Canada and Japan in the ninth edition of the four-team tournament, which is comprised of one-third of the field for the Paris Olympics. All four participants are ranked in the top 11 in the world, have qualified for the Olympics and competed in last year’s tournament, where the U.S. took first, followed by Japan in second, Brazil in third and Canada in fourth. In the Semifinals on April 6 at Mercedes-Benz Stadium in Atlanta, the USA (#2) will face Japan (#8) at 12:30 p.m. ET (TNT, Telemundo, Max & Peacock) and Brazil (#11) will take on Canada (#10) at 3:30 p.m. ET (Universo, Max & Peacock).

The four nations will then travel to Columbus, Ohio with Lower.com Field hosting the final two games of the tournament at 4 p.m. ET and 7 p.m. ET on April 9 as the Semifinal winners play in the Championship and the losers play in the Third-Place Match. The USA will play in the 7 p.m. ET time slot (TBS, Universo, Max & Peacock) whether it is playing in Championship or Third-Place Match, and the other game will be at 4 p.m. ET (TBS, Universo, Max & Peacock).

Tickets are available for purchase now at ussoccer.com/tickets.

HAYES TO THE HELM IN MAY

After a worldwide search process led U.S. Soccer Sporting Director Matt Crocker, Emma Hayes was officially announced as the 10th head coach in U.S. Women’s National Team history on November 14, 2023. The long-time head coach for English powerhouse Chelsea FC, Hayes started her coaching career in the United States in the early 2000s and more than two decades later will take the helm of the USWNT. Due to her contact with Chelsea, Hayes will finish the 2023-24 Women’s Super League season in England and then join the U.S. team officially two months prior to the start of the Olympics. U.S. Soccer has put a comprehensive plan and process in place to maximize the productivity in all aspects of moving the USWNT forward leading into the Olympics, a key part of which is interim head coach Twila Kilgore continuing in her role and then joining Hayes’ staff full-time as an assistant coach in late May. Hayes’ first two matches will be against the Korea Republic. The USA will take on the Taegeuk Ladies in Commerce City, Colorado on June 1 at Dick’s Sporting Goods Park (3 p.m. MT / 5 p.m. ET on TNT, Universo, Max and Peacock) before moving on to St. Paul, Minnesota for a June 4 match at Allianz Field, which will be presented by Allstate (7 p.m. CT / 8 p.m. ET on truTV, Universo, Max and Peacock). Both matches will take place at the home stadiums of Major League Soccer clubs, the Colorado Rapids and Minnesota United FC, respectively. The USA’s most recent match against Korea Republic was also at Allianz Field, in October of 2021, a 6-0 win for the USA.

USA TEAM & ROSTER NOTES

  • The USWNT has played more matches in California (57) than any other state in the country and has won 52 of its 57 matches all-time in the Golden State.
  • The has played once previously at Snapdragon Stadium, a 3-0 win over Colombia on Oct. 29. Lindsey Horan, Jaedyn Shaw and Mia Fishel scored for the USA in that victory.  
  • Becky Sauerbrunn (219), Alex Morgan (219), Crystal Dunn (142 caps), Lindsey Horan (142 caps) and Alyssa Naeher (100 caps) are the only players on this roster with 100+ international appearances.
  • Five players on this roster have fewer than 10 caps, four of whom debuted in 2023: 23-year-old Jenna Nighswonger (5 caps), 20-year-old midfielder Korbin Albert (5 caps), 19-year-old Jaedyn Shaw (8 caps) and 18-year-old Olivia Moultrie (4 caps).
  • Seven players on this roster – Naomi Girma, Sophia Smith, Nighswonger, Trinity Rodman, Albert, Shaw and Moultrie – were born after the historic 1999 FIFA Women’s World Cup, which will celebrate its 25th anniversary this summer. Smith became the first player born after the ’99 World Cup to earn a USWNT cap when she debuted for the U.S. on November 27, 2020, against the Netherlands.
  • Morgan is the top scorer on this roster with 123 career international goals, followed by Horan with 33 goals, Lavelle and Dunn with 24 each, Williams with 18 and Smith with 15. 
  • Six different players have scored so far for the USWNT in 2024 – led by three goals from Shaw, two goals each from Horan, Morgan, Moultrie and Nighswonger and one from Williams.
  • Midge Purce leads the U.S. with two assists in 2024 while Smith, Horan, Morgan, Trinity Rodman, Rose Lavelle and Casey Krueger all have one assist.
  • Overall, 11 different players have been directly involved in a goal for the USA in 2024, led by three goal involvements each from Shaw (3 goals), Morgan (2 goals, 1 assist) and Horan (2 goals, 1 assist).
  • Twelve players called up for this camp were on the USA’s roster at the 2023 FIFA Women’s World Cup and nine – Dahlkemper, Davidson, Dunn, Horan, Lavelle, Morgan, Naeher, Sauerbrunn and Sonnett – were on the roster for the 2019 Women’s World Cup Champions.
  • Eight of the 14 NWSL clubs are represented on this roster, led by seven players from NJ/NY Gotham FC. Portland Thorns FC and San Diego Wave FC have four players each.
  • Three players on this roster play for clubs in Europe – two in France (Lindsey Horan at Olympique Lyon and Korbin Albert at Paris Saint-Germain) and one in England (Emily Fox at Arsenal FC).

IN FOCUS: CANADA | FIVE THINGS TO KNOW

FIFA World Ranking: 10
Concacaf Ranking: 2
Olympic Appearances: 4 (2008, 2012, 2016, 2020)
Best Olympic Result: Champions (2020)
Record vs. USA: 4W-7D-53L (GF:40, GA: 184)
Last Meeting vs. USA: Feb. 16, 2023 (2-0 win for USA in Orlando, Fla.)
Head Coach: Bev Priestman (ENG)

CANADA WOMEN’S NATIONAL SOCCER TEAM ROSTER BY POSITION (CLUB)

GOALKEEPERS (3): 1-Kailen Sheridan (San Diego Wave FC, USA), 18-Sabrina D’Angelo (Arsenal FC, ENG), 22-Lysianne Proulx (Bay FC, USA)  

DEFENDERS (7): 2-Bianca St. Georges (North Carolina Courage, USA), 3-Kadeisha Buchanan (Chelsea FC, ENG), 4-Shelina Zadorsky (West Ham United FC, ENG), 10-Ashley Lawrence (Chelsea FC, ENG), 12-Jade Rose (Harvard University, USA), 14-Vanessa Gilles (Olympique Lyon, FRA), 16-Gabby Carle (Washington Spirit, USA)

MIDFIELDERS (5): 5-Quinn (Seattle Reign FC, USA), 7-Julia Grosso (Juventus FC, ITA), 8-Marie-Yasmine Alidou (SL Benfica, POR), 13-Simi Awujo (University of Southern California, USA), 17-Jessie Fleming (Portland Thorns FC, USA)

FORWARDS (7): 6-Deanne Rose (Leicester City FC, ENG), 9-Jordyn Huitema (Seattle Reign FC, USA), 11-Evelyne Viens (AS Roma, ITA), 19-Adriana Leon (Aston Villa FC, ENG), 20-Cloe Lacasse (Arsenal FC, ENG), 21-Clarissa Larisey (BK Hacken, SWE), 23-Olivia Smith (Sporting CP, POR)

CANADA TEAM NOTES

  • Twenty-two of the 23 players on Canada’s roster for the Concacaf W Gold Cup have seen action so far this tournament, led by center back Kadeisha Buchanan, who has played every minute for Canada this Gold Cup and leads the tournament with 390 minutes played. Of the four semifinalists, Canada is the only team yet to concede a goal this tournament.
  • On the attack, forward Adriana Leon leads Canada and is tied with Mexico’s Lizbeth Ovalle atop the W Gold Cup scoring charts with five goals. Leon, who spent time with several NWSL clubs and now plays for Aston Villa in England’s Women’s Super League, scored twice in the opening win over El Salvador and netted a hat trick in the second group stage match against Paraguay. Defender Shelina Zadorsky and forwards Jordyn Huitema and Olivia Smith have two goals each. Forward Cloe Lacasse, who plays for Arsenal FC, leads her team and is tied for first at the W Gold Cup with three assists. 
  • Like the USA, Canada’s roster has undergone a few changes since first announced. Defender Sydney Collins was originally named to the roster but was replaced by Bianca St. Georges after Collins fractured her ankle prior to the start of the tournament. Canada will also be without forward Nichelle Prince, who suffered a calf injury in the opening match against El Salvador.
  • While the USA and Canada are longtime rivals on the field, many players from both teams are current or former club teammates. International competition aside, there is a very high degree of familiarity between the two sides as nearly every player on Canada’s roster has played in the United States at one point either professionally or collegiately.
  • Seven players on this Canada roster currently play in the NWSL, highlighted by Sheridan, who helped lead San Diego Wave FC to the 2023 NWSL Shield along with the USA’s Abby Dahlkemper, Naomi Girma, Alex Morgan and Jaedyn Shaw. Defender Gabby Carle plays for the Washington Spirit with the USA’s Trinity Rodman and Casey Krueger and played collegiately at Florida State with Jenna Nighswonger. St. Georges recently signed with the North Carolina Courage, where she will now play in front of U.S. ‘keeper Casey Murphy. Jessie Fleming joined Portland Thorns FC earlier this year from Chelsea FC, joining forces with Sam Coffey, Olivia Moultrie, Becky Sauerbrunn and Sophia Smith.
  • In Europe, Sabrina D’Angelo and Lacasse now play with Fox at Arsenal and defender Vanessa Gilles plays with Lindsey Horan at Olympique Lyon. 



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6 03, 2024

5 big ways gold investing can help safeguard your retirement

By |2024-03-06T22:55:38+02:00March 6, 2024|Gold News|0 Comments


Adding gold to your retirement portfolio could help safeguard your money in today’s economic climate.

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Today’s persistent inflation issues, coupled with the current high rate environment and ongoing geopolitical volatility, are having a big impact on the economy. In turn, it makes sense to ensure that your retirement plans are in order and that you’re taking steps to diversify your retirement portfolio and protect your hard-earned savings. 

While there are numerous ways to diversify your investments, one popular way to do so is to add alternative ones, like gold, to the mix. As a precious metal with a long-standing history as a store of value, gold has become an attractive asset to add to retirement portfolios. The precious metal also offers other unique benefits to investors — which is part of why it’s grown in popularity over the last several years. 

But how exactly does gold investing help safeguard your retirement — especially in today’s unusual economic climate? Let’s take a look.

Explore how a gold IRA could benefit your retirement plan now.

5 big ways gold investing can help safeguard your retirement

There are a few unique ways in which gold can help protect your retirement portfolio. These include:

Diversification and risk mitigation

One of the fundamental principles of sound investment strategy is diversification. By including a variety of assets in your retirement portfolio, you can help spread out the risk and potentially mitigate the impact of market fluctuations. 

And gold can be a smart option to mitigate risk, as it tends to have a low correlation with traditional investments such as stocks and bonds. When economic uncertainties lead to market downturns, the value of gold may rise, acting as a hedge against losses in other parts of your portfolio.

In turn, diversifying with gold can provide a stabilizing effect on your retirement savings, helping you weather financial storms and reducing overall portfolio volatility.

Find out your top gold IRA options online today.

Wealth preservation

Unlike paper currencies that can be affected by inflation and economic instability, gold has a long history of preserving wealth over time. That’s due, in large part, to how gold’s intrinsic value and limited supply make it less susceptible to depreciation caused by economic downturns. 

And, in times of inflation, gold has proven to be an effective store of value, allowing retirees to maintain their purchasing power and protect their standard of living. So, by incorporating gold into your retirement portfolio, you can guard against the erosion of wealth that can occur due to factors beyond your control.

Financial insurance against economic crises

Gold has, for many investors, historically served as a financial insurance policy during times of economic crises. When confidence in traditional financial systems wavers, investors often turn to gold as a safe haven. That’s because the precious metal’s tangible nature and lack of dependency on the performance of financial institutions make it a reliable asset during turbulent times.

As such, including gold in your retirement portfolio provides a form of insurance, ensuring that even in the face of economic crises, a portion of your wealth remains secure and resilient.

Portfolio preservation in a high-rate environment

When interest rates are high, retirees face a unique set of challenges in terms of preserving their portfolios and generating sufficient income. That’s because traditional fixed-income investments, often considered safe havens for retirees, can experience price declines as interest rates climb. This dynamic makes it crucial for retirees to explore alternative strategies, and gold can be a valuable asset in a high-rate environment.

The precious metal’s historical tendency to perform well during periods of inflation and high rates makes it an attractive addition to a retirement portfolio. By incorporating gold into your investment mix, you can potentially offset the impact of rising interest rates on your fixed-income holdings. This strategic approach not only aims to preserve the value of your portfolio but also seeks to enhance its resilience against the headwinds posed by a high interest rate environment.

Long-term price growth potential

While gold is often seen as a less risky investment, it also has the potential for long-term growth. As demand for gold continues to rise globally, driven by factors such as economic uncertainties and geopolitical tensions, the value of this precious metal may experience sustained appreciation over the years.

So, by incorporating gold into your retirement strategy, you position yourself to benefit from potential capital gains and long-term growth, providing an additional layer of financial security for your retirement years.

The bottom line

In today’s economic landscape, safeguarding your retirement requires a thoughtful and diversified investment approach. And gold, with its unique properties as a store of value and a hedge against economic uncertainties, can play a vital role in protecting your retirement savings. By diversifying your portfolio with gold, you not only improve risk management but also position yourself to preserve and grow your wealth over the long term. As with any investment decision, though, it’s essential to do your research and tailor a strategy that aligns with your unique financial goals and risk tolerance.



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6 03, 2024

Is Gold Fields Limited (GFI) a Winner in the Gold Industry?

By |2024-03-06T21:34:58+02:00March 6, 2024|Gold News|0 Comments


The 43 rating InvestorsObserver gives to Gold Fields Limited (GFI) stock puts it near the top of the Gold industry. In addition to scoring higher than 72 percent of stocks in the Gold industry, GFI’s 43 overall rating means the stock scores better than 43 percent of all stocks.

GFI has an Overall Score of 43. Find out what this means to you and get the rest of the rankings on GFI!



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6 03, 2024

Gold price hits all-time high

By |2024-03-06T20:14:04+02:00March 6, 2024|Gold News|0 Comments



FE REPORT
| Published: March 06, 2024 23:58:44


Gold prices hit all-time high, at Tk112,908 per bhori (11.664 grams), in the country as local jewellers revised the rate of the precious metal upward on Wednesday.
The new rate will come into effect today (Thursday), says a press release issued by the Bangladesh Jewellers’ Association (BJA).
As per the revised rate, the prices of premium quality gold increased by more than Tk 2,000 per bhori.
From today, 22-carat gold will be sold at Tk 112,908 per bhori, 21-carat gold at Tk 107,775 and 18-carat at Tk 92,379 per bhori.
The price of traditional gold has been set at Tk 76,982 per bhori.

arafataradhaka@gmail.com



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