Australian gold stocks hit record high as safe-haven bullion soars

De Grey Mining

11/02/2025 24:47

** Australian gold sub-index  .AXGD  rises as much as 2.6%
to a record high of 10,261.60 points
    ** Gold prices broke through the key $2,900 level for the
first time on Monday, driven by safe-haven demand  GOL/  
    ** Northern Star Resources  NST.AX  jumps as much as 3.5% to
its all-time high and ASX-listed shares of Newmont  NEM.AX  rise
3.3% 
    ** Evolution Mining  EVN.AX  climbs 3.7% to reach its
highest level since November 2020
    ** De Grey Mining  DEG.AX  climbs up to 4.4% to hit its
highest since early-April, 2008 
    ** As of last close, AXGD up 18.8% YTD vs a ~4% gain in
benchmark index  .AXJO  
    

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))