Shares of Ramelius Resources Ltd (RMS.AU) surged 6.87% during Monday's intraday trading session, significantly outperforming the broader market.
The rally in gold producers like Ramelius Resources comes as investors flocked to the safe-haven asset following a recent US Supreme Court ruling. The court found that former US President Donald Trump exceeded his authority, striking down his sweeping tariffs, which heightened market uncertainty and boosted demand for gold.