Gold surge bolsters Australia's exports despite LNG and coal headwinds

Rising prices may vault metal into 2nd place among country's most lucrative exports

20251007 Australia Gold

The entrance to the Granny Smith gold mine in Laverton, Australia. (Nikkei montage/Source photos by AP and Getty)

SHAUN TURTON

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.

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