Australian gold miners at record highs as Trump holds back tariff rollout
ReutersApr 10, 2025 12:28 AM
Australian gold miners .AXGD rise as much as 5.2% to a record high of 11,275.80 points
The sub-index marks biggest intraday pct gain since mid-September 2024
The global market sentiment improved after U.S. President Donald Trump issued a 90-day pause on some of his tariffs while saying he would temporarily lower hefty duties on certain countries
Gold prices up more than 2% and were poised for their best day since October 2023, supported by safe-haven inflows GOL/
Shares of Northern Star Resources NST.AX and Evolution Mining EVN.AX climb 3.4% and 6%, respectively
The sub-index up 33.3% YTD, outperforming a 4.2% drop in the broader ASX 200 benchmark .AXJO
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