Reported 2 days ago
Australia's gold export revenue is expected to surge to A$60 billion in 2025-26, surpassing liquefied natural gas and metallurgical coal as the second most valuable commodity, according to government reports. The increase is driven by record gold prices and heightened demand due to central bank purchases, U.S. interest rate cuts, and geopolitical tensions. Despite a general decline in other commodity earnings, iron ore remains the largest revenue generator. Overall resource and energy exports are projected to drop to A$369 billion in the next year.
Source: YAHOO