The Damien Hardwick era at Gold Coast begins on Saturday, with the Suns hosting Richmond — the club Hardwick famously led to three premierships in four seasons.

The Suns late last season parted ways with Stuart Dew then made a bold move for Hardwick, who signed a long-term deal with coach Gold Coast.

It came after Hardwick sensationally left the Tigers mid-season citing burnout, despite being contracted to Richmond until the end of 2024 season.

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MATCH CENTRE: Gold Coast Suns v Richmond stats and more

Richmond legend Jack Riewoldt, who played under Hardwick for most of his decorated career, said Hardwick would inevitably feel nervous ahead of the clash.

“‘Dimma’ used to speak about the ‘Demon of Expectation’ – that was the level of anxiety coming into a Grand Final or being a favourite coming into any game. And I think that’ll be sitting right on his shoulder at the moment,” Riewoldt told Fox Footy’s AFL 360.

“There’s an emotional element for him and I could see that on Monday night when he was on-air. He bloody cares about that group and that football club.”

This match gets underway at 4.20pm AEDT from People First Stadium.

Watch it live on Fox Footy (via Foxtel Channel 504 or stream on Kayo Sports from 3.30pm (AEDT).

QUARTER-BY-QUARTER UPDATES

The Tigers drew first blood, with Shai Bolton streaming into attack and kicking truly to get the visitors off to the ideal start.

It didn’t take long for Ben King to open his goalkicking account for 2024 after converting a set shot. The Suns had several more chances in front of goal early in the game but couldn’t capitalise.

Malcolm Rosas finally put one through with a neat banana kick before King followed with his second in a promising start for Damien Hardwick’s side.

Gold Coast really got going from that put through its “demolition” in the midfield — as put by Lions champ Jonathan Brown on Fox Footy — as Jack Lukosius kicked the next two goals

“The new coach has got to sort this out, he’d be looking at the midfield coach going: ‘What’s going on? Sort these guys out. This is where the experienced part of our team is’,” Brown added.

The Suns led 5.4 (34) to 1.0 (6) at quarter-time.

Nick Holman kicked the opening goal of the second term, with ex-Demons skipper Garry Lyon calling it a “dream start” on Fox Footy.

Matt Rowell was central to the Suns onslaught — labelled an “animal” and praised for being “absolutely ferocious” by Lyon — with the Suns out to an early 42-point lead.

King added another to make it eight-straight Gold Coast goals and a near 50-point advantage, with Hardwick’s side “dominating” his old one “all over the ground”, according to Lyon.

It made for ugly and a tough introduction to coaching tor Adem Yze, watching on helpless with his side discombobulated.

“What a challenge to that man for that man sitting in the hot seat for the first time,” Lyon said of Yze. “Out of the middle it is a tsunami.”

Rosas kicked his second goal for the day — 11 in a row for the Suns in an utter domination.

“In his wildest dreams, Damien Hardwick could not have expected this on his first day,” Fox Footy caller Anthony Hudson said.

Brown added; “It’s a fairytale start … jeez, they look like premiership favourites at the moment! Of course, they’re not going to be.”

In a rare highlight for the Tigers, Seth Campbell kicked his first goal and was mobbed by teammates.

Gold Coast led 11.8 (74) to 2.1 (13) — which was the Suns’ biggest half-time lead in club history.

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Ahmedabad: Continuing its rally in the international market for the seventh consecutive day, gold price in the local markets rose to a new record high on Friday, reaching Rs 67,500 per 10g. Analysts attribute this spike to the weakening of the US dollar, fuelled by expectations of an interest rate cut by the US Federal Reserve in June.This led to increased procurement of gold by central banks, which has raised the price of gold. The price — Rs 66,600 per 10g on Thursday — shot up by Rs 900 in a single day. “Several geopolitical factors, including the economic concerns in China and a softer tone in the global equity markets, have driven up the price of gold. Even as officials have downplayed speculations on the drastic change in policy by the US Federal Reserve, gold price continues its upward march,” said Haresh Acharya, director of the India Bullion and Jewellers’ Association (IBJA). He added, “Speculations over the escalation of military tensions in the Middle East are also pushing up the price. In the international market, the price of gold is expected to climb towards $2,200 in the coming days.”Despite the high prices, Feb witnessed a six-month high in gold imports at 13.9 metric tonnes. Analysts warn of a possible sell-off by investors. In contrast, the price of silver has remained relatively stable, hovering around Rs 74,000 per kg.

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Gold prices in Delhi rose by Rs 500 to Rs 65,650 per 10 grams, tracking the rally in international markets. Silver prices increased by Rs 400 to Rs 74,900 per kg. The surge was driven by bullish cues from overseas markets. Federal Reserve Chair Jerome Powell indicated that the US central bank may lower interest rates this year.

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Gold prices reach a record high in the international market, driven by US Federal Reserve chair Jeremy Powell’s dovish stance on interest rates. In the domestic market, prices hit a new life-high. Weak US economic data and banking jitters contribute to the rally. Saumil Gandhi expects the bullish trend to continue.

Politics

By Josh Christenson

Gold Star dad Steven Nikoui got a hero’s welcome at a Washington, DC, pub after being arrested for heckling President Biden over the chaotic withdrawal of US forces from Afghanistan during Thursday night’s State of the Union address

“Steve Nikoui!” other Gold Star families who attended the speech cheered as the man himself strutted into the Dubliner Restaurant blocks away from the US Capitol, following his release from the custody of the House Sergeant at Arms, according to footage shared on X by Spectator journalist Matthew Foldi.

House Republicans who invited the relatives of the fallen troops immediately called on local authorities to drop charges, with Rep. Mike Waltz (R-Fla.) offering to pay any related fines.

Nikoui’s son, Marine Lance Cpl. Kareem Nikoui, was one of 13 US service members killed by an ISIS-K suicide bomber outside Hamid Karzai International Airport on Aug. 26, 2021, as Kabul fell to the Taliban.

Gold Star father Darin Hoover, whose son, Marine Staff Sg. Darin “Taylor” Hoover was also killed in the blast, wrapped Nikoui in a big bear hug as he entered the Irish pub and said, “I’m so proud of you.”

“Jesus would like to talk to you, sir,” added Mark Schmitz, the father of Marine Lance Cpl. Jared Schmitz, as he offered Nikoui a Bible with his name written on it.

“We’re going to make you a shirt that says, ‘Jesus spoke to me, and I got arrested,’” said Alicia Lopez, the mother of Marine Cpl. Hunter Lopez, another victim of the bombing.

“Convict! Let’s just call him convict from now on,” joked Cheryl Juel, the aunt of Marine Sgt. Nicole Gee.

It’s unclear whether Nikoui believed his outburst toward Biden, 81, in the middle of the State of the Union was divine intervention. A source told The Post that the Gold Star dad was also unsure of whether he was facing charges for the outburst.

“Your pastor is calling too,” added Coral Brisneo, the mother of Marine Cpl. Humberto Sanchez.

Rep. Brian Mast (R-Fla.) invited Nikoui to the speech and later secured his release after the father of two was arrested for erupting at the commander-in-chief in the middle of his address to Congress.

“To state the obvious, all Americans deserve the freedom to be safe, and America’s safer today than when I took office,” Biden said, beginning to discuss a drop in the US murder rate before he was halted by shouts from the balcony.

“Abbey Gate!” Nikoui screamed at the president, referring to the place of his son’s death at the airport. The grieving father then called out his son’s name and regiment. “Second Battalion! First Marines!”

Capitol Police immediately arrested Nikoui for crowding, obstructing, or incommoding, a misdemeanor that typically results in the offender’s release after paying a $50 fine.

“Mr. Nikoui lost his son due to Joe Biden’s incompetence, and lost another son to grief over his brother being killed,” Mast told The Post in a statement, referring to Dakota Halverson, who committed suicide on Aug. 9, 2022.

“This man and his family have given America more than I could personally bear and to attack him with a BS charge of ‘demonstrating’ is a disgrace.”

Hoover and Schmitz told The Post in an interview before Biden’s speech that the president should expect “a lot of heckling” for the hasty military withdrawal, which also left hundreds of US citizens behind.

“There’s been other people that have confirmed that information that Biden knew — damn good and well — that Afghanistan was going to fall,” Schmitz said, calling the pullout “a totally epic screw-up.”

Neither the president nor his administration have accepted full responsibility for the disaster, both said.

“He didn’t care. And he left all the munitions behind at Bagram [Airfield],” Schimtz added, referring to $7 billion worth of US military equipment that the Taliban seized after ascending to power.

Biden’s approval rating has remained underwater since August 2021, when the last US flights departed Kabul.

The Special Inspector General for Afghanistan Reconstruction found in a February 2023 report that the Biden administration’s “abrupt and uncoordinated” gave locals the impression the US “was simply handing Afghanistan over to a Taliban government-in-waiting.”

A State Department report in June of that year revealed that the administration also failed to take seriously the concerns of the Afghan government at the time amid warnings that Kabul would fall if American troops left.

Biden expressed to administration officials in the aftermath that he “didn’t believe anyone had made a mistake,” according to Politico reporter Alexander Ward’s book “The Internationalists: The Fight to Restore Foreign Policy After Trump.”

The president met with Gold Star families during the dignified transfer of the fallen soldiers, but Rep. Darrell Issa (R-Calif.) said private meetings with relatives sought by his office have been ignored.

Issa and Reps. Michael McCaul (R-Texas) and Mike Waltz (R-Fla.) also invited several to attend the State of the Union as their guests of honor.

“They have every right to say, ‘Where is that explanation?’” Issa said of the Gold Star families. “’Where is that apology? Where is the legitimate investigation so it doesn’t happen to somebody else’s family?’”

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The spot price of gold hit $2,185 an ounce today, a new record, and a sign the yellow metal may soon cross the once-unimaginable $2,200 mark.

At press time, the spot price of gold was trading at $2,175 an ounce. The gold price has been on the rise all week, opening Monday at $2,091.76. It began the year at $2,066.32.

The gold price topped $2,100 an ounce for the first time in December.

The official London Bullion Market Association price set a record on March 7 of $2,156.85 an ounce.

Analysts credited the latest gold run to a more “dovish” approach from the Federal Reserve and worldwide economic and political turmoil.

“The key driver for the outlook of gold prices for the past year has been the Federal Reserve policy,” said a note from ING commodities strategist Ewa Mathney.

She added: “Gold tends to become more attractive in times of instability when investors pile into safe-haven assets as a hedge against the economic climate, geopolitical tensions, or inflation.… We expect gold prices to trade higher this year as safe-haven demand continues to be supportive amid geopolitical uncertainty with the ongoing wars and the upcoming U.S. election.”

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London, UK –News Direct– HANetf Holdings Limited

AuAg Funds founder and CEO Eric Strand joins Proactive’s Stephen Gunnion with the latest developments affecting the gold price and gold miners included in the AuAg ESG Gold Mining UCITS ETF.

Strand said gold prices near all-time highs is very advantageous for gold miners, despite a historical lag in their response to gold price increases. The costs for miners have stabilized while gold prices are rising, promising improved profitability. Strand emphasizes the leverage effect in gold mining, where a 20% increase in gold price could result in a 40% gain for gold miners, attributing this to the net return difference between gold prices and operational costs.

Furthermore, he highlighted gold miners as undervalued, both in relation to gold and historically against the S&P 500. The current market dynamics, with strong holdings and reduced retail investor presence, present a ripe opportunity for valuation adjustments. Strand also notes a trend towards shareholder-friendly practices among miners, including reduced debt and cautious project investments, potentially avoiding past mistakes.

Consolidation activities within the sector are acknowledged, with a preference for acquiring known entities over costly exploration. The mid-sized companies are viewed as prime targets for larger firms, indicating a dynamic market.

Lastly, Strand projects a 20% rise in gold prices for the year, targeting nearly $2,500 by year-end, driven by anticipated lower interest rates and the sustaining momentum above $2100, which fosters a positive outlook for continued investment in gold.

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• The U.S. dollar has been a fiat currency for more than 50 years, which in historical terms might mean its lifespan has nearly expired.
• Fiat currencies (U.S. dollar) only retain their purchasing power as long as they retain the confidence of the people.
• In 2023, China moved into the top spot over India as the world’s largest gold jewelry buyer, purchasing 603 tons.
• “Dilution” rather “inflation” more accurately describes the value of money.

Gold has been termed the eternal commodity. With gold prices steadying over the US$2,000 an ounce level, we asked business writer and market analyst Jeff Nielson in a recent podcast if now is a good time to buy gold.

Nielson shares his expertise alongside important aspects on the history of gold that present a case for the eternal value of gold today.

We dive into “no joke” buying of gold by the central bank, the concept of dilution vs. inflation, the nearly expired lifespan of the U.S. dollar, and how all of these factors prime now as an opportune time for investing in gold.

Nielson points to the central banks as the culprits in the “diluted” currency epidemic. The bank continues to print new quantities of paper currencies at increasing rates, diluting the value of the currency. “They want to play role of heroes”, Neilson says, “When they are the ones that created the problem.”

In addition, he says the U.S. dollar has been a fiat currency for more than 50 years, which in historical terms might mean its lifespan is nearly expired. As well, “The U.S. dollar already lost 98 per cent of its value versus gold,” Nielson says, adding “The last 2 per cent is not going to take 50 years, or 10, it may only take five years, and then these currencies become worthless.”

To dive deeper, check out the podcast and The Market Online’s, “Why gold is a best buy in early 2024” Thematic Insights report.

For more trending gold stories, check out Stockhouse’s gold page. For additional information on increasing the gold in your portfolio, check out more conversations with Gwen Preston at VRIC and about where the gold growth in Canada is focused.

As well, check out The Market Herald’s 2023 Thematica Gold Report.

At the close Thursday, gold was trading at a little more than US$2,157.02 an ounce.

Join the discussion: Find out what everybody’s saying about gold stocks, public companies and other hot topics about the markets at Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

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first published: March 08, 2024, 11:10 IST

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KATHMANDU, March 8: The price of gold has remained stagnant today. 

The price of fine gold has remained constant at Rs 125,000 per tola on Friday. It was traded at Rs 123,500 per tola on Wednesday. The price rose to Rs 125,000 per tola on Thursday.

Similarly, the price of standard gold is maintained at Rs 124,400 per tola today.

Furthermore, the rate of silver has also remained stagnant at Rs 1,470 per tola on Friday.

24K bullion and ring prices respectively surged 0.37% to VND81.25 million (US$3,290) and 0.29% to VND68 million per tael at noon on Thursday, and at that time the Saigon Jewelry Company (SJC) store on Nguyen Thi Minh Khai Street in HCMC’s District 3 was filled with customers.

Hanh of District 5 said he prefers to keep his money in gold instead of a bank account.

He usually buys bullion but decided to switch to gold rings since the government has floated the idea of abolishing SJC’s bullion monopoly.

Buying gold is his way of accumulating wealth in the long term, and so prices do not bother him, he said.

A buyer from Tra Vinh Province said she told her son to go to an SJC store to sell the 10 taels of gold bars she had been saving for years and buy gold rings.

“They have the same purity, yet gold rings are much cheaper than gold bars, and so I switched to that. For me, gold is still better than deposits for wealth preservation.”

An SJC store employee said there has been a rush to buy rings in the past few days, and the store is running out of stock.

“This has never happened before.”

Other jewelry brands like DOJI and PNJ do not usually keep large stocks of 24K gold rings, and so they quickly ran out as demand soared.

On Thursday morning a PNJ store in District 5 only had 10 two-tael gold rings left and a customer came in and bought all of them, an employee recounted.

“The entire [PNJ] chain is low on supply and it is unclear when stocks will be replenished. So we currently prioritize selling to buyers who place orders in advance.”

A DOJI store in the same district received 200 taels of gold rings in the morning and sold the entire lot by afternoon, with one customer buying 135 taels.

Traditionally 24K gold rings are bought as gifts despite the fact they have the same purity as bars.

They have become popular ever since Prime Minister Pham Minh Chinh announced recently plans to narrow the gap between Vietnamese and international bullion gold prices.

As of Friday morning, SJC 24K gold ring prices has increased to VND68.3 million per tael, while bullion slid to VND81.5 million.