Iran

April 3, 2025

5 Best-performing ASX Gold Stocks (Updated November 2024)

Gold came into mainstream focus in 2024 as it continued to set records in all major currencies. For Australia, that happened on October 29, when gold reached an all-time high of AU$4,230.70 per ounce.Gold’s momentum was fuelled by geopolitical instability in Eastern Europe as tensions rose between Russia and Ukraine, as well as by a flareup in the Middle East as Lebanon and Iran were drawn into the Israel-Gaza conflict.Additional support came in the form of continued central bank buying, as China, India and Turkey all added large quantities of gold to their coffers. Meanwhile, the US Federal…