ASX gold companies have tripled in value, outranking household names as investors rush to the ultimate hedge.
This shift is evident in the market capitalisation of these companies, with nine gold companies on the ASX now valued over $5bn, up from two at the end of 2023.
The rapid rise in gold price drives this growth, with a gain of US$1000 (32%) in less than 2 months and US$2,500 (141%) in the last two years.
The move in the gold price has been extraordinary.
Authorised summary: Gold companies triple in value.