The world is anxious and it's fuelling a new Australian gold rush.
Record prices for the rare material investors flock to amid global uncertainty are expected to push gold past gas to become our second most valuable resource export.
Gold futures are up about 50 per cent since the start of 2025, bursting through the $US4000 ($6071) per ounce mark for the first time ever this morning.
Gold is expected to pull in an extra $13 billion for Australia's resources and energy exports revenue this financial year compared to 2024-25, because many of the other big hitters are plunging.
And that's a good thing because the Department of Industry, Science and Resources expects the country to make $16 billion less from these exports this financial year, even with the golden boost.
Gold