Will The Upcoming US Inflation Data Push Gold Stocks Further

Investors are keenly eyeing the US data, as it normally shapes the expectations of Fed’s likely measures. Since lower interest rates are conducive in boosting the appeal of gold, ASX gold stocks/ETFs may come in focus.

Evolution Mining Limited (ASX: EVN) 

has delivered robust performance in accordance with its guidance in FY25. The company has produced 751k ounces of gold and 76k of Copper with an AISC cost of $1572 per ounce. The results are supported by the expansion of its Mungari plant, which is running ahead of schedule with lower production costs. And its operations at Cowel have been extended to 2042 with the continuation of open-pit mining. The company has 5 active projects, delivering an average return on investment of 18 per cent with 15 years of reserve life. EVN has distributed 25th consecutive dividends totalling up to USD 1.1 billion till now. Production guidance for the upcoming year remains in line with the previous year, and the AISC cost is expected to decline in future, which will enhance the profit margins.

Resolute Mining Limited (ASX: RSG) 

owns a robust organic growth pipeline. It is a multi-asset producer with up to 300k ounces of annual gold production from its operations at Syama and Maka. Syama produced 89.3k ounces at AISC of $1972 per ounce in H1 2025. It is expected to monetise 10 million ounces of resource base in H1 2026. Whereas development in Mako Mine has produced 62.2k ounces at AISC of $1104 per ounce. This mine has a target of more than 5 years of production from satellite deposits. The study has indicated that its satellite deposit has an MRE of over 600k ounces. RSG has recently acquired Doropo, which is the phase of future growth. The Doropo project metrics state resources of 4.4 million ounces, with a lower AISC of $1047 per ounce, with a mine life of 10 years. IT has a robust cash position of $110 million to continue with operational growth.

The Perth Mint Gold Structured Product (ASX: PMGOLD) 

achieved an ETF product award on September 12, 2025. It is one of the lowest-cost gold ETFs with a management fee of just 0.15 per cent. PMGOLD provides its unique government guarantee, building trust among investors. From its inception, it has delivered more than 10 per cent returns per annum.  The company provides actual gold that backs this ETF, making it a highly reliable and safer option for Australians. Over the last year, it has delivered exceptional returns of 47.31 per cent. PMGOLD holds a product size of $1.7 billion, making it a significant player in the Australian gold market.

Capturing the all-time high price of gold and silver, The Perth Mint has sold 30,125 troy ounces of gold and 424,949 ounces of silver during August 2025. It recorded a gain of 2 per cent in gold (AUD terms).  Total holdings in PMGOLD increased in August by 6842 ounces.

(Source: Company Announcements)