Australian gold stocks retreat from record highs as bullion dips

Australian gold stocks .AXGD trade up 1.4% at 12,177.30 points

Stocks pare early gains after rising as much as 2% to a record high of 12,254.40 points

Sub-index on track for a third session of gains, if current trend holds

Gold prices drop as U.S. President Donald Trump eased trade tensions by granting tariff exemptions on smartphones, computers and other electronics primarily imported from China GOL/

Analysts at UBS see gold miners looking well-placed, heading further into 2025, assuming a "stronger for longer" gold price environment

Shares of gold miners Evolution Mining EVN.AX and Northern Star Resources NST.AX up 2% and 0.2%, respectively

Sub-index up 42.5% this year, as of last close