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15 03, 2024

Cheltenham Festival 2024 LIVE: Racecard, tips and odds from Gold Cup Day

By |2024-03-15T14:18:38+02:00March 15, 2024|Gold News|0 Comments


Queen Camilla arrives for ‘Style Wednesday’ at Cheltenham Festival

Cheltenham Festival concludes on Day 4 after a thrilling opening day to ‘the greatest show on turf’ was followed by more Irish dominance on Day 2 before a British revival sparked by the Skelton brothers yesterday.

The opening two days saw plenty of success for Willie Mullins, who finally hit his historic milestone of a century of victories at the Cheltenham Festival but went winless on St. Patrick’s Thursday. However, he’s trained the favourite of the showpiece race with Galopin Des Champs looking to retain the Gold Cup this afternoon.

Harry Skelton and Paul Townend are vying for the leading jockey title with both sitting on four wins heading into the final day while Rachael Blackmore trails behind on two and could be in contention.

More than 60,000 spectators are expected to flock to Prestbury Park again for the Festival’s conclusion looking to beat the bookmakers, with today’s schedule including the Triumph Hurdle first up at 1.30pm, as well as the County Handicap Hurdle, the Albert Bartless Novices Hurdle, and of course, the Cheltenham Gold Cup.

Follow all of our coverage from the 2024 Cheltenham Festival below plus get the best each-way odds and tips for Day 4 here and a full analysis of the best bets in the Gold Cup here:

1710503286

Prestbury Cup standings

Things are quite close in the Prestbury Cup after a storming day for Great Britain yesterday. They still trail by four meaning they must win six of the seven races today to claim the bragging rights.

Mike Jones15 March 2024 11:48

1710502926

Zara Tindall speaks about her time at Cheltenham

Zara Tindall, who has been at the Cheltenham Festival with her husband Mike this week, spoke about her time at the racecourse.

She said: “It’s been good this week, it’s been busy. It’s great to have racing this week and be involved. There has been some incredible racing – it’s exciting.

“Today has been an amazing day. More winners from the English trainers, so that’s great. That was incredible for Sir Alex Ferguson (to have two winners) today. The support he’s given the sport over the years, it’s great to get payback with a couple of winners. He’s an incredible advocate for the sport.”

Asked if Queen Camilla and the Princess Royal have enjoyed their time at Cheltenham this week, she said: “Yeah, I think everyone loves their racing and they love the horses, that’s why everyone gets involved. We’ve been involved with horses for a long time, so we always love being at Cheltenham.

“Getting them all along is great fun and some time to hang out together. I’ve put no money on whatsoever. I’m too busy for that.”

Mike Jones15 March 2024 11:42

1710502566

Paisley Park sails off into retirement

Paisley Park ran his final race in the Stayers’ Hurdle yesterday and Emma Lavelle has confirmed that the hugely popular 12-year-old, who won the race in 2019, will now be retired.

“We have an awful lot to thank him for, we really do,” Lavelle said. “It’s definitely the right thing to do, we said this season would be on a race-by-race basis but he kept running his heart out, it was just a shame he couldn’t get his head in front for one last time.

“Today was the big test and he doesn’t have the same pace that he used to, that turbo button is missing and based on that, Andrew [Gemmill, the owner] had a discussion as we crossed the line and as he’s done so much for us, he doesn’t need to do any more.”

Mike Jones15 March 2024 11:36

1710502206

St. Patrick’s Thursday results

A reminder of the winners from Thursday meeting:

1:30: Turners Novices’ Chase (Grade 1) – Grey Dawning

2:10: Pertemps Network Final Handicap Hurdle (Premier Handicap) – Monmiral

2:50: Ryanair Chase (Grade 1) – Protektorat

3:30: Paddy Power Stayers’ Hurdle (Grade 1) – Teahupoo

4:10: TrustATrader Plate Handicap Chase – Shakem Up’Arry

4:50: Ryanair Mares’ Novices’ Hurdle (Grade 2) – Golden Ace

5:30: Fulke Walwyn Kim Muir Challenge Cup Amateur Jockeys’ Handicap Chase – Inothewayurthinkin

Mike Jones15 March 2024 11:30

1710501966

Patrick Mullins on working with his dad

Champion Bumper winning jockey Patrick Mullins, spoke to Racing TV about what makes his dad Willie so successful: “In his early 60s instead of consolidating, he went out and got more horses and more owners.

“Then there’s the calibre of staff here and the owners he has built. He has made the very most of everything he has been able to.”

What’s it like working with him? “Several headaches. He could say something one day and then give out the next day for doing it. He is always chopping and changing. He can’t be told no. He has outside the box thinking, at times it can be like man from the moon, but enough times it works.

“He is a funny man in that the more you try to tell him to do something, the more he will try to do the opposite!”

Mike Jones15 March 2024 11:26

1710501726

Gold Cup Day – Friday, March 15

Here’s a look at today’s race schedule:

14:10 – County Handicap Hurdle

14:50 – Albert Bartlett Novices’ Hurdle

15:30 – Cheltenham Gold Cup

16:10 – Festival Challenge Cup Open Hunters’ Steeple Chase

16:50 – Mares’ Steeple Chase

17:30 – Martin Pipe Conditional Jockey’s Handicap Hurdle

Mike Jones15 March 2024 11:22

1710501546

Willie Mullins reacts to reaching 100 wins

Following his son’s win in Tuesday’s Champion Bumper Willie Mullins said: “It’s a wonderful day, it’s fantastic. As much I enjoy what’s happening, I think of my colleague and fellow trainer Nicky Hendersonand what’s happened with his yard this week.

“That’s always a worry that we have in the two or three weeks coming up to Cheltenham, that something will come in and bite you from outside.

“As much as we’re enjoying it, I don’t know how he must be feeling. You want competition and it must be gutting for him. You’d like good opposition to have fun with because I’m sure he would have beaten us a few times this week.”

Mike Jones15 March 2024 11:19

1710501126

Willie Mullins on his son Patrick riding his 100th winner

“I thought my lifetime achievement was when I had a winner here in Cheltenhamin the Supreme Novices’ Hurdle back in 1995 and who ever dreamt any trainer, never mind me, could do it .

“The team of owners we have help and I can’t train winners without a team of owners who have horses and then the team from my wife Jackie, to David Casey, Patrick, Ruby [Walsh], all our head people, it’s huge for them. I think they are probably going to enjoy it more than I will. It’s extraordinary stuff.”

“For Patrick to do it makes it very special and to do it for one of my biggest owners [Simon Munir and Isaac Souede]. The team of owners we have make the job what it is, I can’t do it without them. They all praise each other when they have a winner and share in each other’s disappointment. Without owners I wouldn’t be here, none of us would, it’s their sport.

“I was really pleased that Patrick was the one to do it because I wasn’t sure he was on the right one but he was spot on and I was wrong. I’m just delighted, I wouldn’t say emotional. When I started out I didn’t think anyone would ever train 100 Cheltenham winners and I certainly didn’t think it would be me. People were saying I should have done it last year!”

(David Davies for The Jockey Club/PA Wire)

Mike Jones15 March 2024 11:12

1710500706

Cheltenham Gold Cup, in numbers: From Rachael Blackmore to Galopin Des Champs

To mark 100 years of the Cheltenham Gold Cup, here are some key numbers associated with jump racing’s most prestigious contest:

33 – Galopin Des Champs became the 33rd favourite to oblige in 2023.

95 – How many times the race has actually been run; it was abandoned in 1931 because of frost, in 1937 due to flooding, in 1943 and 1944 because of World War II and 2001 due to a foot-and-mouth outbreak.

100 – Norton’s Coin was the longest-priced Gold Cup winner at 100-1 in 1990. He was trained in Wales by dairy farmer Sirrel Griffiths.

Mike Jones15 March 2024 11:05

1710500226

Cheltenham Festival horse Highland Hunter dies after fatal incident

Highland Hunter, the 11-year-old grey gelding was put down after the Ultima Handicap Chase, with concerns about his health immediately beginning to grow after the 2.50pm race – the third of the day.

And ITV presenter Ed Chamberlin confirmed the sad news of the death live on air shortly afterwards.

Mike Jones15 March 2024 10:57



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15 03, 2024

What time is the Gold Cup? Runners and riders for 2024 Cheltenham Festival showpiece today

By |2024-03-15T12:57:49+02:00March 15, 2024|Gold News|0 Comments


The Gold Cup will headline Friday’s racing at the 2024 Cheltenham Festival, as Galopin Des Champs returns chasing a second successive triumph in the showpiece event.

Trained by Willie Mullins and ridden by Paul Townend, Galopin’s Gold Cup glory would cap another dream week for the Irish duo, who were leading the trainer and jockey standings respectively after the Festival’s first two days having dominated Cheltenham over the past half a dozen years.

The main competition is set to come from Fastorslow, Gerri Colombe, LHomme Presse and Barvemansgame, who finished runner-up last year after Galopin raced to the front with two fences to go before pulling away up the hill to claim a clear victory.

The 2024 edition of the Gold Cup marks the centenary of the race, first won by Red Splash in 1924.

Find the latest Cheltenham odds and free bet offers with Independent Sport ready to provide daily coverage from the festival and get our free betting newsletter for the latest Cheltenham odds, offers and tips. Sign up here.

Jockey Paul Townend, right, with Irish trainer Willie Mullins

(AFP via Getty Images)

When is the 2024 Gold Cup?

The race is scheduled for Friday 15 March, with a start time of 3.30pm GMT.

Get our free betting newsletter for the latest Cheltenham odds, offers and tips. Sign up here.

Runners and riders

Bravemansgame Harry Cobden

Corach Rambler Derek Fox

FastorslowJJ Slevin

Galopin Des Champs Paul Townend

Gentlemansgame Darragh O’Keeffe

Gerri Colombe Jack Kennedy

Hewick Jordan Gainford

Jungle Boogie Rachael Blackmore

L’Homme Presse Charlie Deutsch

MonkfishPatrick Mullins

Nassalam Niall Houlihan

The Real Whacker Sam Twiston-Davies

Gold Cup Day – Friday’s full schedule

13:30 – Triumph Hurdle

14:10 – County Handicap Hurdle

14:50 – Albert Bartlett Novices’ Hurdle

15:30 – Cheltenham Gold Cup

16:10 – Festival Challenge Cup Open Hunters’ Steeple Chase

16:50 – Mares’ Steeple Chase

17:30 – Martin Pipe Conditional Jockey’s Handicap Hurdle

Check here to see if you are eligible for Cheltenham free bets.



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15 03, 2024

Gold Cup tips: Experts on best bets and 15 horses to watch at Cheltenham Festival today

By |2024-03-15T11:34:54+02:00March 15, 2024|Gold News|0 Comments


Galopin Des Champs is set to start Friday’s Gold Cup as the favourite to win Cheltenham Festival’s showpiece race.

Trained by Willie Mullins and ridden by Paul Townend, Galopin delivered a storming victory for the Irish duo last year and looks set to cap another glorious week for Mullins and Townend at Cheltenham.

But they face competition from Fastorslow, Gerri Colombe, L’Homme Presse and Barvemansgame, who finished runner-up last year after Galopin raced to the front with two fences to go before pulling away up the hill to claim a clear victory.

The 2024 edition of the Gold Cup marks the centenary of the race, first won by Red Splash in 1924.

Find the latest Cheltenham odds and free bet offers with Independent Sport ready to provide daily coverage from the festival and get our free betting newsletter for the latest Cheltenham odds, offers and tips. Sign up here.

Jockey Paul Townend, right, with Irish trainer Willie Mullins

(AFP via Getty Images)

Racing ambassadors Alex Hammond, Oli Bell and Ed Chamberlin spoke to Sky Bet about their Day 3 picks, legendary former jockey Ruby Walsh shared his tips with Paddy Power and racing expert Tony Calvin makes his final day tips with Betfair.

When is the 2024 Gold Cup?

The race is scheduled for Friday 15 March, with a start time of 3.30pm GMT.

Get our free betting newsletter for the latest Cheltenham odds, offers and tips. Sign up here.

Gold Cup Day – Friday’s full schedule

13:30 – Triumph Hurdle

Alex Hammond: “The first race on the final day of the festival is the Triumph Hurdle and Sky Bet are offering money back as cash if you lose. No Sir Gino here and that’s been the big story throughout the week, the Nicky Henderson horses that aren’t running. But we’ve got Sir Gino by proxy here in Salvator Mundi who’s the horse who’s finished closest to Sir Gino in his career. He’s owned by the same people as Sir Gino and is now with Willie Mullins and I hope he can run a big race in the Triumph.”

Ruby Walsh adds: “Willie Mullins has plenty of runners including Majborough, Storm Heart, Kargese and Bunting. There isn’t much between them all so I’ll take Bunting at a bigger each-way price.”

14:10 – County Hurdle

Tony Calvin has a couple of options here: “Absurde has been my lean for the County Hurdle at 14:10 ever since I did my prep for the Preview in Dublin last week – providing he got decent ground on the day.

“But surely, last year’s winner Faivoir has a big chance at these weights, just 2lb higher than winning last season and 4lb well-in here for his Imperial Cup second on Saturday (he obviously should have won, as his jockey admitted afterwards), but the obvious doubt for him is the quick turnaround.”

Walsh adds: “Zenta is Willie Mullins’ best chance but I’m with Leau Du Sud. Dan Skelton told me he really fancies him, as he did with Unexpected Party who bolted up on Wednesday, so I’ll side with him!”

14:50 – Albert Bartlett Novices’ Hurdle

Oli Bell: “In the Albert Bartlett, Sky Bet are paying five places instead of three and the horse I like is trained by Harry Fry – one on the board hopefully for the Brits. Gidleigh Park is a progressive stayer, got a good form to his name and I think there is plenty left under the bonnet. With the extra places on offer, I’m going with the Brits in the Albert Bartlett with Gidleigh Park – good luck.”

Walsh says: “I’m with Readin Tommy Wrong. He’s the classiest horse in this race but keep an eye on Dancing City, who finished second behind Ballyburn and ahead of Slade Steel at Punchestown last year.”

15:30 – Cheltenham Gold Cup

Alex Hammond: “Gold Cup time and Sky Bet are paying four places rather than three. That makes me even more keen on L’Homme Presse, Venetia Williams’ horse has done well this season, returning from injury. He won at Lingfield, he run a solid race at Ascot in conditions that weren’t playing to his strengths. The team weren’t in great form then, but they’re in better form now so for me L’Homme Presse in the Gold Cup.”

Calvin says: “The Gold Cup at 15:30 looks a great race but it doesn’t make it an attractive betting medium. I’d rather be with Galopin Des Champs than against him at around evens, but that is probably his right price, in truth.

“The absence of Shishkin is a big positive for him, as the Henderson horse and Fastorslow were his most dangerous form rivals, and I sense he will take a lot of whacking.

Fastorslow at 7.2 on the exchange is probably the bet to be had if there is one.”

Walsh: “I’ve been with Galopin Des Champs for a long time and I like everything about him. He was very good last year and he’s the best horse in here. Fastorslow will most likely chase him home. Corach Rambler or Gerri Colombe will likely be third.

16:10 – Festival Challenge Cup Open Hunters’ Steeple Chase

Ed Chamberlin: “We’re hoping to create some magic on Gold Cup day in the Hunters’ Chase. Sky Bet are paying four places on the Hunters’ Chase, and I see no reason why Premier Magic can’t produce some Hunters’ Chase magic again!”

Walsh adds: “I’d be lying if I said I had a really strong fancy in this but I’ll side with Its On The Line for Emmet Mullins. He’s won his last three and he’ll relish the stamina test.”

16:50 – Mares’ Steeple Chase

Oli Bell: “In the Mares’ Chase I’m all aboard the J.P. McManus hotpot, Dinoblue. She’s a short price but I think she’s going to take a world of beating and send me off from Cheltenham this year with a winner to my name. It’s been a tough with for the Brits and I think it’s going to get even harder in the Mares’ Chase because Dinoblue is a rock-solid favourite and will be hard to beat.”

Walsh is also keen on Dinoblue: “Allegorie De Vassy has improved considerably but Dinoblue is the standout. She’s got rock solid form and she’ll be hard to beat.”

17:30 – Martin Pipe Conditional Jockey’s Handicap Hurdle

Alex Hammond: “The final race of the whole festival is the Martin Pipe Conditional Jockeys’ Handicap Hurdle and Sky Bet are paying six places rather than four. I’m going to have a go with Ocastle des Mottes, who has his second start for Willie Mullins here. His first start for the stable came in the Betfair hurdle at Newbury, which is an ultra-competitive race just like this one, but it’s over a shorter trip. I think the step-up in trip will suit this horse, he got a little bit jazzed up before Newbury because he had to be reshod, but I’m hoping that everything goes smoothly, and we can get a good run from Ocastle des Mottes.”

Walsh likes Ocastle des Mottes, but has another fancy too: “Willie Mullins has Quai De Bourbon at the top of the market and he could be ahead of the handicapper. Ocastle Des Mottes makes appeal to me as he will show improvement from stepping up in trip.

Check here to see if you are eligible for Cheltenham free bets.



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15 03, 2024

Gold price down by Rs 400 per tola today « Khabarhub

By |2024-03-15T10:14:02+02:00March 15, 2024|Gold News|0 Comments


Gold price down by Rs 400 per tola today

Gold price down by Rs 400 per tola today

KATHMANDU: Gold price decreased by Rs 400 per tola in the Nepali market today.

According to the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 125,400 per tola and standard gold is traded at Rs 124,800 per tola.

The precious yellow metal was traded at Rs. 125,800 per tola, and standard gold at Rs. 125,200 per tola on Thursday.

Similarly, the price of silver has been fixed at Rs 1,515 per tola today.

The Federation fixes the prices of gold and silver in the domestic market on a daily basis based on the price rates in the international market.





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15 03, 2024

Gold prices inches up – VnExpress International

By |2024-03-15T08:53:30+02:00March 15, 2024|Gold News|0 Comments


By Minh Hieu  &nbspMarch 14, 2024 | 09:57 pm PT

A person arranges gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran


Saigon Jewelry Company gold bar price rose 0.61% to VND81.6 million ($3,298.97) per tael Friday morning.

Gold ring price decreased by 0.08% to VND68.95 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices were on track on Friday to snap a three-week winning streak as surprisingly hot U.S. inflation readings prompted traders to re-think on how swiftly and deeply the Federal Reserve could cut interest rates this year, Reuters reported.

Spot gold was up 0.1% at $2,163.92 per ounce but on track to post a weekly fall of more than 0.6%, its first since mid-February.

U.S. gold futures were steady at $2,168.00.

U.S. producer prices increased more than expected in February. A reading on consumer inflation earlier this week also showed some stickiness in inflation.

Higher inflation adds pressure on the U.S. Fed to keep interest rates elevated, weighing on non-yielding assets such as gold, and increasing appeal for bonds, raising the dollar.





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15 03, 2024

Gold, silver price today, March 15, 2024: Precious metals record hike on MCX

By |2024-03-15T06:11:26+02:00March 15, 2024|Gold News|0 Comments


Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Friday, March 5, 2024.

Gold futures, maturing on April 5, 2024, stood at Rs 65,676 per 10 grams on the MCX, after recording a marginal hike of Rs 81 or 0.12 per cent. The previous close was recorded at Rs 65,595.

Meanwhile, silver futures, maturing on May 3, 2024, witnessed a hike of Rs 264 or 0.35 per cent and were retailing at Rs 75,490 per kg on the MCX against the previous close of Rs 75,226.

GOLD, SILVER PRICES IN MAJOR CITIES

CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 60,760 Rs 77,100
MUMBAI Rs 60,610 Rs 77,100
KOLKATA Rs 60,610 Rs 77,100
CHENNAI Rs 61,360 Rs 80,100

The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.

GOLD, SILVER PRICES ON INTERNATIONAL MARKET

Gold slid on Thursday after a larger-than-expected rise in February’s U.S. producer price index (PPI) cooled expectations of early rate cuts by the Federal Reserve, boosting Treasury yields and the dollar, news agency Reuters reported.

According to the latest metal report, spot gold was down 0.6 per cent at $2,136.39 per ounce. US gold futures fell 0.6 per cent at $2,167.5.

Among other precious metals, silver fell 0.8 per cent to $24.83 per ounce.

Published On:

Mar 15, 2024



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15 03, 2024

Gold Prices Today In India (15th March 2024); Check Gold Rate In Delhi, Mumbai, Kolkata, Chennai, Thane, Surat, Pune, Nagpur

By |2024-03-15T04:50:45+02:00March 15, 2024|Gold News|0 Comments


The price of gold in Mumbai is ₹ 6061 per gram for 22 karat gold and ₹ 6612 per gram for 24 karat gold.

Gold Price Today

The price of gold in India today is ₹ 6,061 per gram for 22 karat gold and ₹ 6,612 per gram for 24 karat gold

Check Gold Price In Your City Today On 15th March 2024

Gold Price Today In Mumbai

The price of gold in Mumbai is ₹ 6061 per gram for 22 karat gold and ₹ 6612 per gram for 24 karat gold.

Gold Price Today In Kolkata

The gold price today in Kolkata is ₹ 6061 per gram for 22 karat gold and ₹ 6612 per gram for 24 karat gold.

Gold Price Today In Chennai

The Gold price today in Chennai is ₹ 6136 per gram for 22 karat gold and ₹ 6694 per gram for 24 karat gold.

Gold Price Today In Delhi

The gold price today in Delhi is ₹ 6076 per gram for 22 karat gold and ₹ 6627 per gram for 24 karat gold.

Gold Price Today In Thane

The gold price today in Thane is ₹ 6061 per gram for 22 karat gold and ₹ 6612 per gram for 24 karat gold.

Gold Price Today In Surat

The gold price today in Surat is ₹ 6066 per gram for 22 karat gold and ₹ 6617 per gram for 24 karat gold.

Gold Price Today In Pune

The gold price today in Pune is ₹ 6061 per gram for 22 karat gold and ₹ 6612 per gram for 24 karat gold.

Gold Price Today In Nagpur 

The gold price today in Nagpur is ₹ 6061 per gram for 22 karat gold and ₹ 6612 per gram for 24 karat gold.

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14 03, 2024

Gold rates in Pakistan today; March 12 2024

By |2024-03-14T23:25:25+02:00March 14, 2024|Gold News|0 Comments


KARACHI: Gold prices in Pakistan decreased marginally on Tuesday in line with the decline in the international rate.

The yellow metal was priced at Rs230,100 per tola after shedding Rs100 during the day.

The 10-gram gold was sold at Rs197,274 after a decrease of Rs86, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Meanwhile, silver rates remained stable at Rs2,600 per tola.

Spot gold fell 0.5% to $2,171.59 per ounce as of 1207 GMT, trading below a record high of $2,194.99 it hit on Friday. U.S. gold futures also dipped 0.5% to $2,177.50.

Spot platinum fell 0.5% to $928.50 per ounce, palladium lost 0.9% to $1,021.75, while silver was little changed at $24.41.





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14 03, 2024

GOLD stopped its decline and rebounded strongly again for OANDA:XAUUSD by Xayah_trading — TradingView

By |2024-03-14T20:40:25+02:00March 14, 2024|Gold News|0 Comments


Today’s world gold price is listed on Kitco at 2,175 USD/ounce, up 17 USD/ounce compared to early yesterday morning. World gold prices rebounded due to the weakening of the USD as investors still hope that the US Federal Reserve (Fed) will cut interest rates in June despite high inflation in the US.

Meanwhile, escalating geopolitical tensions cause safe-haven demand for gold bars to remain. World gold prices rebounded due to the weakening of the USD as investors still hope that the US Federal Reserve (Fed) will cut interest rates in June despite high inflation in the US. Meanwhile, escalating geopolitical tensions cause safe-haven demand for gold bars to remain.

Currently, there will be 2 scenarios for bullish gold speculators. If the Fed cuts interest rates, gold will skyrocket. If the interest rate cut scenario does not take place, concerns about inflation could also push gold higher.

As of March 13, market indicators based on signals from the CME Fedwatch tool showed that there was a 64.7% chance that the Fed would lower interest rates at its meeting on June 12 with a cut of 25 to 50 points. percent, slightly lower than the 68.7% recorded on March 6.

The possibility that the Fed will keep interest rates unchanged at the March 21 meeting is up to 99%, while the possibility of not reducing interest rates at the May meeting is 89.6%.

In the second half of the year, the Fed is forecast to enter a cycle of interest rate cuts and precious metals will be strongly supported. Gold is forecast to reach 2,200-2,400 USD/ounce in 2024.

Resistance: 2184 – 2192 – 2200 – 2210

Support: 2166 – 2157 – 2147 – 2137

Breakout: 2178 waiting for BUY test point

Breakout: 2172 waiting for SELL test point



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14 03, 2024

Why doomsday assets are now hot sale items – NBC Los Angeles

By |2024-03-14T19:17:26+02:00March 14, 2024|Gold News|0 Comments


  • The precious metals gold and silver are favorite stores of value for doomsday preppers, along with food and water.
  • Costco added silver coins for sale as the retail warehouse giant saw sales of gold bars top $100 million in the first fiscal quarter.
  • “Lots of people are more confident that a massive disaster is impending than that American prosperity will continue,” said John Hay, the editor of “Apocalypse in American Literature and Culture.”

Among the cans of tuna and flashlights in doomsday preppers‘ closets, there is an increasingly popular staple — gold bars.

The recent rise in value of the yellow metal is not just another chapter of favorable economic conditions for the asset, experts say.

People’s interest in gold — and silver, too — reflect deep anxieties about our society and its future.

“People are looking for permanence in a crumbling world,” said Timothy Morton, a philosopher and ecologist.

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To that point: Costco last year began selling 1 ounce gold bars for around $1,900; they sold out within hours. The retail warehousing giant sold more than $100 million of the precious metal in its first fiscal quarter, it said, and has now added silver coins to its shelves, too. Experts say its target audience for these products likely include at least some of the same people who’d consider buying its $6,000 doomsday prep kit, which comes with 600 cans of food.

“Lots of people are more confident that a massive disaster is impending than that American prosperity will continue,” said John Hay, the editor of “Apocalypse in American Literature and Culture” and an associate professor at the University of Nevada.

“Tangible goods and products can feel more secure than promises and assurances,” Hay said.

Indeed, one of the chief doomsday fears is that the global economy will collapse, rendering all conventional assets, from government bonds to real estate, worthless, said James Berger, a senior lecturer at Yale University who teaches courses on apocalyptic literature and film.

Gold tends to gain value when people lose faith in banks and money, as it did in the Great Recession. Earlier this month, the gold contract for April settled at $2,126.30 per ounce, the highest level since the contract’s creation in 1974.

Even financial advisors and investment experts can sound dire when talking about gold.

William Bernstein, author of “The Four Pillars of Investing,” mostly dismissed the metal as a serious investment, pointing out that it has risen around just 1% a year, on average, over the past century.

Still, Bernstein said in a recent interview with CNBC, that a small allocation to the metal was useful insurance against “an economic catastrophe.”

Gold, nostalgia and the end of the world…

At the heart of people’s apocalyptic fantasies is nostalgia, Berger said.

Many preppers feel “deeply disturbed by the complexity and ambiguity of modern life,” he said.

“Gold represents a traditional, pre-industrial, pre-modern-finance form of wealth and exchange,” Berger said, adding that its “simplicity, solidity and ancient tradition” appealed to people’s desire for a vanished cultural stability.

Hay, who grew up in the Rust Belt, said he’s well aware of the feeling that “the prosperous days belong to the past.”

“In the United States, people are very worried about decline — that the future will be worse than the present,” Hay said.

More than 70% Americans say the country is headed in the wrong direction, according to a NBC News poll at the end of 2023.

“The turn toward gold is like the turn toward authoritarian leaders, toward the ideal of someone who knows what is true and right and who has the courage to return a nation to its former truth and greatness,” Berger said.

“Make America gold again!” he joked, referring to former President Donald Trump’s nostalgic campaign slogan.

Trump has called for returning to the gold standard and, at least at one point, owned up to $200,000 of the metal, reports found.

…and climate change denial?

To be sure, fears over the world’s future are hardly baseless.

Russian President Vladimir Putin recently warned of nuclear conflict and “the destruction of civilization” if other countries sent ground troops into Ukraine, where war rages along with in Gaza. Experts are concerned that Trump would try to pull the U.S. out of NATO if he was reelected, which could raise security risks across the globe.

A structure is engulfed in flames as a wildfire called the Highland Fire burns in Aguanga, California, on Oct. 30, 2023.
Ethan Swope | AP

A structure is engulfed in flames as a wildfire called the Highland Fire burns in Aguanga, California, on Oct. 30, 2023.

And then there’s climate change.

“People have always been afraid of the end of the world, but what makes this special is that the Earth could in fact return to weather we haven’t seen since the Triassic period,” said Morton, the philosopher and author of the upcoming book, “Hell, In Search of a Christian Ecology.”

Morton describes global warming as a “hyperobject,” an idea that is too big for us to understand, and he believes that the purchases of precious metals feed into denial about climate change.

“Unlike stocks and paper money, we dig them right out of the earth, so they symbolize the way the planet has seemed to us, for thousands of years — that it is for humans to extract value from.”

With the risks of global warming only rising, he said, “people are holding on to these symbols for dear life.”



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