SYDNEY -- Gold is set to become Australia's second most valuable export after iron ore as prices for the precious metal hit record highs, according to government forecasts.
Rising prices may vault metal into 2nd place among country's most lucrative exports

The entrance to the Granny Smith gold mine in Laverton, Australia. (Nikkei montage/Source photos by AP and Getty)
SYDNEY -- Gold is set to become Australia's second most valuable export after iron ore as prices for the precious metal hit record highs, according to government forecasts.