Priestman brought 23 players to the Gold Cup, with Sydney Collins and Nichelle Prince leaving early due to injury. Jayde Riviere, Janine Beckie and Desiree Scott are also spectators due to injury.

“There’s at least four who aren’t here that will be in contention, coming into this tournament” the coach said. “And then the performances of some young players, I think have really stepped up. And then there’s been a level of consistency on the pitch, no matter who you put on the pitch. Every player has probably brought a little bit of their super-strength. So yes, definitely I walk away from this tournament with a lot to consider.”

Canada still has the SheBelieves Cup in April with more friendlies expected ahead of the Olympics. 

Teenage attacker Olivia Smith has put up her hand, scoring her first goal and making her first start for the senior side. The 18-year-old, who plays for Portugal’s Sporting CP, has two goals and two assists in the three group games.

And while Cloe Lacasse arrived at the tournament as a known quantity with 28 caps (nine starts), the Arsenal striker has impressed with a goal and three assists in two starts, not to mention her versatility on the field.

Defender Shelina Zadorsky, just three caps short of her century, offered a timely reminder of her skills with two headed goals off set pieces Wednesday. And 21-year-Jade Rose, one of the players who has kept Zadorsky out of the starting 11, continues to turn heads. At 21, with 15 caps to her credit, the Harvard co-captain continues to show her poise on the ball.

USC midfielder Simi Awujo, just 20, looks like a veteran every time she steps on the field, despite having just 11 caps.

Aston Villa striker Adriana Leon, meanwhile, is making her case to be one of the first names on Priestman’s team sheet, leading the tournament with five goals.

Priestman’s immediate concern is Costa Rica at BMO Stadium.

While Canada has won all 16 previous meetings with the Central Americans, with a combined 51-6 edge in goals, she is expecting a more difficult challenge when the teams run it back Saturday.

“It is unique and I think it’s going to make it more of an interesting match,” said Priestman. “Because in many ways we learned something from each other and it’s who can dissect that game and apply (the learnings) going into the next game.”

“For me personally as a coach, I think it’s really important that we stay with the game that we’re at, not getting too far ahead. But also knowing that Costa Rica, for sure, are going to bring a better version of themselves.”

More difficult opponents await.

The Canada-Costa Rica winner will face either the second-ranked U.S. or No. 23 Colombia, who meet in the No. 4 versus No. 5 game Sunday.

The field was redrawn after the group stage with No. 1 taking on No 8, No. 2 versus No. 7 and so on.

While Canada finished as the top seed after group play, Costa Rica (1-2-0) had to survive a drawing of lots after finishing tied with Puerto Rico on points, goal difference, goals scored and red/yellow cards.

Canada earlier dispatched No. 104 El Salvador 6-0 and No. 50 Paraguay 4-0. Costa Rica lost 1-0 to Paraguay before defeating El Salvador 2-0.

Canadian defender Kadeisha Buchanan, midfielder Jessie Fleming and Leon were named to the tournament’s team of the group phase by tournament organizers.

After the quarterfinals in Los Angeles, the tournament shifts to San Diego for the semifinals and final at Snapdragon Stadium on March 6 and 10, respectively.

—

Follow @NeilMDavidson on X platform, formerly known as Twitter 

This report by The Canadian Press was first published March 1, 2024

Neil Davidson, The Canadian Press

The current gold rates in Kuwaiti Dinar (KWD) stand at KWD 235.07 for 1 tola. The live gold rates vary across different cities in Kuwait. Gold prices undergo daily fluctuations globally and in Kuwait.

Stay updated on today’s gold price in Kuwait, including rates for 18 karat, 21 karat, 22 karat, and 24 karat gold. These rates are presented in 1 gramme format in the Kuwaiti Dinar currency (KWD). The live rates are sourced from local gold markets and bullion markets in Kuwait, providing daily updates on gold prices.

Today Gold Price in Kuwait

Today Gold rate in Saudi Arabia, (SAR) 10 gram of 24K gold is SAR 2,455.59. However, these rates are given in 1 tola, 1 gramme, and 10-gramme increments in Saudi Riyal.

Every day, the local gold and bullion markets in the SAR provide live rates.

Gold Rate in Saudi Arabia Today

The latest Gold Rate in SAR on, 02 March 2024. is mention below.

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on gold prices and other key correlated assets—and may continue to into the future. 

Gold prices are ripping towards a week-over-week gain beyond +2% on Friday, as markets reassess expectations for the timing of the first FOMC rate-cut of 2024. 

So, What Kind of a Week Has it Been?

If there’s one trend that’s been a reliable mainstay for the gold market in the first two months of 2024, it’s a mostly stable trading range of $2020 to $2040/oz in the spot market. If there are two trends that have been a reliable mainstay for the gold market in the first two months of 2024, the second has been weeks that trade with relative calm and are then capped by a burst of volatility. Here, on the first trading day of March 2024, that second trend has kicked into gear so hard that may eliminate the first, going forward. 

Because the macro-data calendar was basically empty for the first half of the week and there was little in the way of headline news that might shift the US Dollar, Treasuries, or commodities markets in a meaningful way, gold spot prices again traded flat through the first three days of this week, showing little interest in pushing much beyond $2035/oz but also marking reliable support above $2025. The first real point of interest for traders and investors looked to be Thursday’s PCE Price Index release, an update on the Federal Reserve’s preferred metric for inflation in the US. There was little expectation of a big surprise in the January number—the primary inputs to the PCE data set are the Consumer and Producer Price Indexes for the same period, which printed earlier in the month. The market broadly knew to expect a slight increase in both the “core PCE” basket of prices, and in the more volatile headline PCE number. To this point, February’s data did not surprise or disappoint, printing in-line with the consensus projection. What nobody was really looking out for, however, was the downward revision of December’s month-over-month inflation data, to just +0.1% for both headline and core PCE. In reaction that, admittedly, felt overblown, investors across multiple asset classes appeared to immediately recalibrate their assessment of the odds that the Federal Reserve might consider cutting interest rates before June. Going into this week, thanks largely to the statement and Q&A from January’s FOMC meeting, the market had mostly written-off this possibility, but the slide in the US Dollar and climbing Treasury paper prices that followed Thursday’s PCE report indicate that investors are all too happy to reconsider those odds. As we would expect in that case, gold prices jumped on Thursday morning as well, to $2046/oz and higher, immediately testing the top boundary of the recent range.

It was also a little surprising that, as Thursday’s trading went on, we didn’t see a big rush to take profit on the morning’s rally, being the final trading day of the month. It wasn’t the be, as gold traded flat through the afternoon, consolidating the new gains. Moving into Friday’s US session—the yellow metal had continued to hold its serve through the Asia sessions and the European morning trading—there was some checking-again to see if the first session March 2024 would see prices correct lower. 

Instead, the argument for the Fed to begin cutting interest rates sooner than later gained another argument in its favor. After some other data and anecdotal reporting around the US’ industrial sector suggested a level of strength that would give the FOMC cover to continue restricting economic activity with higher rates, Friday’s ISM Manufacturing Index was a clear letdown, missing expectations for a modest increase in the key number and instead indicating more contraction than the previous months. Whereas the PCE data set on Thursday suggested the Fed could get comfortable with ending the brief era of “elevated” interest rates in its battle against inflation, the signal that things may be faltering in the engine room of the US economy implies that the Fed maybe should consider easing monetary policy sooner. 

In the gold market, this drove a repeat of Thursday’s jump, and then some. The initial surge brought spot prices for the precious metal above $2060/oz with very little resistance to be seen, and the rally that followed the open of cash market trading in New York has delivered spot prices north of $2085/oz, as the US Dollar has softened farther at the end of the week and yields on the US Treasury’s 10-year Note have slipped below +4.10%. 

This sharp gain at the end of the week, and the start of the final month of Q3, has reset the table for gold prices and for expectations around FOMC policy decisions. Both will get a considerable test next week: first we’ll see (from the ISM again) if the “services sector” of the US economy is slowing like manufacturing, in a Tuesday morning report. And at the end of the week, we’ll see the February Jobs Report and a vital update on the health of the US labor market. In between the two, Fed Chair Jerome Powell will offer his semi-annual testimony to Congress, from which we expect to get a little more shading on the Fed’s forward planning. 

For now, traders, I hope you can get out and safely enjoy your weekend for the next couple of days. After that, I’ll see everyone back here next week for another market recap.  

Toronto, Ontario–(Newsfile Corp. – March 1, 2024) – The Canadian Securities Exchange (“CSE” or “the Exchange”) today welcomed the listing of Galloper Gold Corp. The company’s common shares began trading on the CSE earlier today under the symbol BOOM.

A Vancouver-based resource company, Galloper is focused on prospective gold and base metals projects at Glover Island and Mint Pond, both of which are located in Newfoundland, one of the world’s premier mining jurisdictions. Led by a team with successful exploration and production backgrounds, initial drilling is planned for 2024.

“Newfoundland has a distinguished history of mining exploration and development by exciting junior companies,” said James Black, the CSE’s Vice President, Listings Development. “We are pleased to welcome BOOM, a company that exemplifies the entrepreneurial spirit that the CSE is committed to support.”

About the Canadian Securities Exchange:

The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange’s efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.

Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.

The CSE offers global investors access to an innovative collection of growing and mature companies.

STAY CONNECTED WITH THE CSE
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Website: https://thecse.com/
Blog: https://blog.thecse.com/
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CSE’s “The Exchange for Entrepreneurs™” Podcast: https://blog.thecse.com/category/cse-podcast/
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Contact:
Richard Carleton, CEO
416-367-7360
richard.carleton@thecse.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200101

GLASGOW, United Kingdom — Sarah Mitton set a Canadian record and claimed the gold medal in women’s shot put at the world athletics indoor championships on Friday.

Mitton’s record throw, on her fifth attempt, measured 20.22 metres.

The reigning Commonwealth and Pan American Games champion from Brooklyn, N.S., had already clinched victory on her fourth throw, which measured 20.20, also setting a national mark. 

Yemisi Ogunleye of Germany won silver with a throw of 20.19, while Chase Jackson of the United States claimed bronze with a throw of 19.67.

Headlines:

Markets:

• EUR leads, JPY lags on the day
• European equities higher; S&P 500 futures down 0.1%
• US 10-year yields down 1.3 bps to 4.238%
• Gold up 0.5% to $2,054.10
• WTI crude up 1.5% to $78.61
• Bitcoin up 1.2% to $62,188

There wasn’t too much action in European trading today, as FX continues to struggle for volatility on the week.

The dollar was little changed overall, keeping steadier despite some back and forth action in the bond market. 10-year Treasury yields rose to 4.28% early on before dipping to a low of 4.22% during the session. That did little to wake up currency traders, although USD/JPY did ease back from 150.60 to 150.30-40 levels.

EUR/USD was subdued around 1.0810-20 levels mostly while GBP/USD is just up slightly from 1.2630 to 1.2645 at the moment. AUD/USD continues to sit near the 0.6500 mark, staying little changed mostly on the day near the figure level.

Instead, it was gold that benefited the most as the precious metal rose from $2,040 to $2,050 levels currently and eyeing a break of key trendline resistance at $2,045 as outlined here.

In the equities space, European stocks are still ripping higher as investors continue the hot run from February. But US futures are more tentative for now, with S&P 500 futures marginally lower ahead of the March open.

In terms of data, we got Eurozone CPI for February and that saw core prices remain more stubborn just above 3%. It still is a minor drop from January, allowing for the ECB to stay on the rate cut path at least. However, it also reaffirms the potential for prices to be stickier and more difficult to return to 2% in the months ahead.

Accurate at the point of publication.

The price of gold today, as of 9:08am, was £1,607.58 per ounce. That’s up 0.02% on yesterday’s closing price of £1,607.29.

Compared to last week, the price of gold is up 0.27%, and it’s up 0.93% from one month ago.

The 52-week gold price high is £1,616.07, while the 52-week gold price low is £1,581.70.

Gold Prices Today

Gold Price Over Time

How to invest in gold

Many investors consider gold to be the ultimate safe-haven asset, relying on the theory that when the prices of shares, bonds and property drop sharply, gold may hold its value – and its price can even increase as nervous investors rush in to buy.

Investing in gold is also a way to add diversification to your investment portfolio. When you hold a diversified mix of different assets, including gold, varying returns can protect the value of your investments.

There are several ways to invest in gold. Each has pros and cons…

One option is to buy gold in physical form:

• Gold bars. Known as bullion, gold bars tend to be a popular choice for buying gold. Bullion is typically sold by gram or ounce. Purity, manufacturer and weight should be stamped on the face of the bar.
• Gold coins. The Sovereign and Britannia are popular collectables that command a premium over what you would get for the same amount of gold in the form of bullion.
• Gold jewellery. Like gold coins, you’ll probably be paying extra for gold when you buy it in the form of jewellery – a premium that could be anywhere from 20% to 300%, depending on the manufacturer.

Alternatively, investors can invest in gold indirectly:

• Gold shares. Buying the stocks of gold mining or processing companies is another way to invest in the yellow metal. You don’t get to own physical gold, but you do get exposure to the rise and fall of the price of gold in the market.
• Gold funds. There are a range of funds that provide exposure to gold. They may invest in gold stocks, or they may trade gold derivatives in the options and futures markets.

Should you invest in gold?

You should consider investing in gold if you’re looking to hedge against risk or diversify your portfolio. Gold would probably not be your first choice to earn long-term capital growth.

Over the past five years, the price of gold has appreciated approximately 36% while the total return of the S&P 500 has been 60%.

Gold prices can be extremely volatile, and that means that gold isn’t an entirely stable investment. In fact, you can easily craft a well-diversified investment portfolio entirely without gold.

It should also be noted that gold in its physical form, unlike other investments, does not produce an income or yield.

If you buy physical gold, you also need to consider where you are going to keep it, and whether there will be costs associated with secure storage.

Is gold an inflation hedge?

Studies have found that gold may be an effective way to defend your wealth against inflation, but only over extremely long periods of time, measured in decades or even centuries.

Over shorter time periods, the inflation-adjusted price of gold fluctuates dramatically, typically making it a poor near-term hedge for inflation.

KARACHI: The gold prices in Pakistan increased by Rs1100 per tola in the domestic market on Friday, ARY News reported on Friday quoting APJMA.

According to the All Pakistan Jewellers Manufacturers Association, per tola price of the precious yellow metal hiked by Rs1100 to settle at Rs216,800.

Similarly, the price of 10 grams jacked up by Rs943 to Rs185,871. The price of gold in the international market increased by $10 to $2,067.

Gold prices hovered near a month high on Friday after data suggested easing U.S. price pressures, reassuring investors vouching for a June interest rate cut by the Federal Reserve.

Spot gold edged 0.1% higher to $2,044.60 per ounce, as of 0808 GMT, after hitting $2050.59 on Thursday – its highest level since Feb. 2. Bullion was headed for a second consecutive weekly gain.

Spot platinum fell 0.2% to $871.06 per ounce, and palladium dropped 0.3% to $939.12. Both posted a second monthly decline, with palladium touching more than five-year lows of $849.13.

Spot silver fell 0.4% to $22.59 per ounce.

By Bhavik Patel

Yesterday’s revision of fourth-quarter 2023 U.S. gross domestic product readings showed GDP up 3.2%, year-on-year, versus the initial reading of up 3.3%. GDP data was not a big markets-mover, as the numbers did not stray far from market expectations.  

The bigger U.S. data point of the week is likely going to be Thursday personal income and outlays report for January which is preferred measure of inflation by US Fed. The most recent U.S. inflation data is a little warmer than anticipated. 

Although it wasn’t too hot, the data was nevertheless warm enough to probably convince the Federal Reserve to postpone cutting interest rates until the second half of 2024. The market’s reaction to the most recent U.S. inflation data will be seen in the price activity of the Treasury bond and note futures markets. 

Keep in mind that the pricing of Treasury futures move against the more closely watched yields. The last four weeks have seen a decline in the price of US T-Bonds and T-Notes. This implies that Treasury traders believe the U.S. inflation statistics will remain too warm to support a rate cut by the Federal Reserve this spring.

In MCX, price has been confined in narrow range of 61800-62400 for past 7-8 trading sessions. The momentum oscillator is also stuck in neutral at 53 clearly indicating that traders and investors are waiting for PCE data before taking any fresh positions.

 Open interest has also declined indicating old positions getting squared off. 62400 seems to be immediate resistance and breach above that will push prices around 63000-63500. On the downside, 61000 is strong support in MCX while $2000 in COMEX. We believe any strong sell off is only probable if COMEX gold sustains below $2000.

(Bhavik Patel is a commodity and currency analyst at Tradebull Securities. Views expressed are the author’s own. Please consult your financial advisor before investing.)