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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?’”
Damien Hardwick will start his Gold Coast Suns coaching career against his former club Richmond.
The Suns will go in favourites for the match at Heritage Bank Stadium on Saturday afternoon.
Tigers star Dustin Martin won’t travel for the game after being ruled out with a calf injury.
Saturday’s game between Gold Coast and Richmond is scheduled to start at 4:20pm AEDT (3:20pm local time) on Saturday, March 9.
The game will be played at Heritage Bank Stadium on the Gold Coast.
| Timezone | AEDT | ACDT | AEST | ACST | AWST |
| Start time | 4:20pm | 3:50pm | 3:20pm | 2:50pm | 1:20pm |
| Region | Melbourne | Sydney | Adelaide | Brisbane | Perth | Tasmania | Darwin |
| Channel | Fox Footy | Fox Footy | Fox Footy | Channel 7/Fox Footy | Fox Footy | Fox Footy | Fox Footy |
| Broadcast time | 4:00pm | 4:00pm | 3:30pm | 3:00pm | 1:00pm | 4:00pm | 2:30pm |
This match, and every match across the home-and-away season, will be available for live streaming and replay on Kayo Sports.
Per bookmaker TAB, Gold Coast are $1.44 favourites, with Richmond the underdogs at $2.80
New: None
Substitute: TBA
New: Jacob Koschitzke, Seth Campbell, Sam Naismith
Substitute: TBA
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.”
(Photo: Getty Images)
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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.
Proactive UK Ltd
+44 20 7989 0813
View source version on newsdirect.com: https://newsdirect.com/news/auag-funds-founder-and-ceo-explains-why-now-is-gold-miners-time-to-shine-627431414
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.
Gold Rate Today In India: As of March 8, 2024, a rise in gold prices was observed across different cities in India. The average rate for 10 grams remained around Rs 65,730. To provide a broader perspective, the average price of 10 grams of 24-carat gold was approximately Rs 65,730, while the corresponding amount for 22-carat gold stood at Rs 60,250.
At the same time, the silver market displayed a consistent downward trend, reaching Rs 75,500 per kilogram.
Gold rate today in India: Retail gold price on March 8
Gold Rate Today In Delhi
In Delhi, people have to spend Rs 60,400 for 10 grams of 22-carat gold and Rs 65,880 for the same amount of 24-carat gold.
Gold Price Today In Mumbai
In Mumbai, 10 grams of 22-carat gold is currently priced at Rs 60,250, whereas the same amount of 24-carat gold is valued at Rs 65,730.
Gold Rate Today In Chennai
In Chennai, the price for 10 grams of 22-carat gold is Rs 61,050, and for the same amount of 24-carat gold, it’s Rs 66,600.
Check gold rates today in different cities on March 8, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 60,300 | 65,780 |
| Kolkata | 60,250 | 65,730 |
| Gurugram | 60,400 | 65,880 |
| Lucknow | 60,400 | 65,880 |
| Bengaluru | 60,250 | 65,730 |
| Jaipur | 60,400 | 65,880 |
| Patna | 60,300 | 65,780 |
| Bhubaneshwar | 60,250 | 65,730 |
| Hyderabad | 60,250 | 65,730 |
Multi Commodity Exchange
On March 8, 2024, the futures for gold set to expire on April 05 were actively traded at Rs 65,382 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date were quoted at Rs 74,300.
The retail cost of gold in the country is the amount customers pay for it. This price is influenced by various factors, including the global gold price, the value of the Rupee, and the costs associated with labour and materials used in the production of gold jewellery.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
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2024 Outlook: Rs 70,000 Per 10 Grams Gold Price
According to the All India Gem and Jewellery Domestic Council (GJC), they have recently stated that prevailing global economic uncertainties and geopolitical tensions are expected to propel gold prices to a historic high of Rs 70,000 per 10 grams in the upcoming year. This trajectory underscores gold’s status as a dependable investment and a valuable hedge against inflation.
first published: March 08, 2024, 11:10 IST
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.
The price of 24-carat gold appreciated Rs 10 in early trade on Friday, with ten grams of the precious metal trading at Rs 65,570, according to the GoodReturns website. The price of silver also climbed up by Rs 100, with one kilogram of the precious metal selling at Rs 75,100.
The price of 22-carat gold also jumped Rs 10 with the yellow metal selling at Rs 60,110.
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The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 65,570.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 65,720, Rs 65,570, and Rs 66,450, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 60,110.
In Delhi, Bengaluru, and Chennai, ten grams of 22-carat gold are selling at Rs 60,260, Rs 60,110, and Rs 60,910, respectively.
The price of silver in Delhi, Mumbai, and Kolkata are the same at Rs 75,100 per kilogram.
US gold prices on Friday were on track for their biggest weekly jump in five months, hovering near a record peak, as Federal Reserve Chair Jerome Powell’s comments reinforced investor hopes for a first US rate cut in June.
Spot gold was steady at $2,159.49 per ounce, as of 0120 GMT, hovering around a record peak of $2,164.09 hit in the previous session.
Powell said the US central bank was “not far” from gaining the confidence it needs in falling inflation to begin cutting interest rates, which are likely to happen in the coming months.
(With inputs from Reuters)
Gold prices continue to advance trading to a new record close today with one notable exception: gains over the last two days have been primarily driven by dollar weakness rather than buying.
Today Chairman Powell concluded his two-day semiannual testimony to both the House (yesterday) and the Senate. Although the chairman continued to keep the timing of the first rate cut close to his chest, he offered subtle references to the Senate today alluding to the fact that, “I think were in the right place” about the timing of the first rate cut as the Fed readies itself to pivot its monetary policy from restrictive to accommodative. This will be accomplished by the Fed cutting its benchmark interest rate for the first time since raising them starting back in March 2022.
The Chairman said that inflation is “not far” from where it needs to be for the central bank to initiate its first rate cut. Which is more information than he offered in his testimony yesterday to the House Financial Services Committee. In his remarks today to the Senate Banking Committee, Powell subtly suggested that interest rate cuts may not be too far off if inflation signals cooperate.
When asked to respond to rate cuts and inflation, his answer to the Senate was, “We’re waiting to become more confident that inflation is moving sustainably at 2%. When we do get that confidence, and we’re not far from it, it’ll be appropriate to begin to dial back the level of restriction,”
The key takeaway from Powell’s testimony today was that the leader of the central bank still did not provide any precise timetable as to when the Fed believes they will pivot and initiate their first rate cut. The only veiled reference to the timing of the first rate cut today came in a statement, in which he said that interest rate easing could be coming soon.
Gold has now risen for the seventh consecutive day marked by higher highs, higher lows, and higher closes, with one notable exception over the last two trading days. During the first five trading days of this rally gains in gold were primarily driven by market participants with neither dollar strength nor weakness having a notable influence on the net change in gold. However, over the last two days, the rise in gold prices has been primarily driven by dollar weakness.
Yesterday dollar weakness accounted for a little less than half of the net gain, and today dollar weakness accounted for all of gold’s gains.
As of 5:00 PM ET, the dollar is in its second day of strong declines. Today the dollar is down 0.53% taking the index to 102.77. When compared to gains in gold futures which gained 0.5% it is easy to derive the fact that today’s gains were 100% the net result of dollar weakness because the dollar declined slightly more than gold gained.

Currently, the most active April contract of gold futures is fixed at $2167.40 up $10.70 (+0.50%). While gold continues to drive to new record pricing, the most notable aspect of gains over the last two days is that gold’s gains over the last two days are based on dollar weakness rather than speculative buying. This is a notable change from what occurred during the first five days of gold’s current price advance.
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