Australian gold sub-index jumps as much as 1.5%, hitting its highest level since Jan.

This boost is driven by gold’s rally to a record high overnight, underpinned mainly by bets for U.S.

monetary easing.

Among the sub-index’s major constituents, Northern Star Resources (ASX:NST) rose as much as 3.1% to A$14.47, marking its highest valuation since mid-November 2020.

Meanwhile, Evolution Mining (ASX:EVN) experienced a 2.7% rise to A$3.285, marking its apex since Jan.

The sub-index was down approximately 10% Year-To-Date as of its last closure, compared to a slight 0.4% increase in the benchmark S&P/ASX 200 index.

Northern Star Resources (ASX:NST) is a major player in the Australian gold sub-index.