Shares of Australia's gold producers rose on Thursday as investors scrambled towards gold's haven status after the US hit its trading partners with tariffs, raising concerns about a global economic slowdown.
Gold hit a new record after US President Donald Trump imposed a minimum levy of 10% on imports worldwide and additional duties on around 60 nations, including China, the European Union, Vietnam, Japan, South Korea, and India.
Ramelius Resources (ASX:RMS) shares rose nearly 3% in recent Thursday trade, while shares of Northern Star Resources (ASX:NST) added about 1%. Evolution Mining (ASX:EVN) shares were modestly higher.
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