Deep News2025-11-11
The Australian gold stocks index surged by up to 3.6%, reaching its highest level since October 22. The rally followed a nearly 3% jump in spot gold prices on Monday, driven by weaker-than-expected U.S. economic data, which bolstered expectations of Federal Reserve rate cuts.
Leading gold producer Northern Star Resources saw its shares climb 3.6%, while smaller rival Evolution Mining gained 3.7%. Including the latest gains, the AXGD gold index has risen 103.1% year-to-date.
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