Feb 26, 2026 (The Australian Financial Review - ABIX via COMTEX) --
Data from the Department of Foreign Affairs and Trade shows that Australia's gold exports totalled $16.5bn in the December 2025 quarter. Gold replaced natural gas as the nation's second-largest commodity export during the period. The gold price has risen by more than 150 per cent since the start of 2024; it has also risen by nearly 20 per cent since the federal government's Mid-Year Economic and Fiscal Update in December, which forecast that the price of bullion would gradually decline. The surging gold price will be reflected in the budget bottom-line in May, although the revenue increase will be offset by government spending in areas such as defence, childcare and the NDIS..
Publication Date: 27 February 2026
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE
COMTEX_474286118/2229/2026-02-26T15:07:57
By Michael Read
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