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Highlights

  • Gold miners up 11.6% in March, marking their third consecutive monthly rise.

  • Gold hits an all-time high, driven by inflation concerns and trade war fears linked to U.S. tariff policies.

  • ASX gold stocks retreat on the day, with Northern Star Resources and Evolution Mining posting declines.

Shares of Australian gold miners are on track to close March 11.6% higher, marking their third consecutive month of gains. This surge comes as gold prices hit an all-time high on Monday, fueled by investor concerns over inflation and potential economic disruptions stemming from U.S. President Donald Trump's tariff policies.

Spot gold (XAU=) has risen approximately 7.7% in March, as investors seek refuge in the precious metal amid fears of a global trade war and rising inflation.

Market Pullback Despite Long-Term Gains

Despite the strong monthly performance, gold stocks saw a pullback on the final trading day. The S&P/ASX 200 gold sub-index was down 1.9%, mirroring a broader decline in the ASX 200 benchmark, which traded 1.5% lower.

Leading Australian gold miners were not immune to the dip: