Australian Gold Stocks Surge to Record High Amid Bullion Rally

Fri 14 Mar 25, 12:17 AM | Team Kalkine

Australian gold stocks surged 3.3% on Friday to reach a record high of 10,504.7 points, propelled by soaring bullion prices. The sub-index earlier climbed 3.7%, marking its biggest intraday gain since 11 February 2025, as investors sought refuge in gold amid economic uncertainty.

The rally in gold stocks aligns with a surge in global bullion prices, which hit an all-time high. Market sentiment was bolstered by speculation of potential interest rate cuts by the U.S. Federal Reserve, as well as concerns over ongoing tariff uncertainties.

The Australian gold sector extended its winning streak, posting gains for a third consecutive session. Investors poured into gold stocks, reflecting strong confidence in the metal’s continued strength.

Northern Star Resources (ASX:NST) emerged as a major gainer, climbing over 3.1%, its largest intraday percentage rise since February 11. Similarly, Evolution Mining (ASX:EVN) surged as much as 3.75% to reach a record high.

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