Wealth Within highlights 3 ASX gold stocks to watch
Key Takeaways
- •Capricorn Metals announced a 33% increase in gold reserves to more than 5.2 million ounces.
- •Evolution proposed a $213 million acquisition of Carnaby to strengthen its copper and gold growth pipeline.
- •Westgold is showing stronger technical momentum as gold prices recover.
- •China’s move to halt certain retail paper gold trading products is being watched for its possible effect on future gold prices.

Gold stocks are surging, and the opportunity may be narrowing on what could be one of the strongest gold setups in years. In this video, Wealth Within’s Filip Tortevski and Pedro Banales examine the latest developments influencing the gold sector, including China’s move to halt certain retail paper gold trading products and what that could mean for future gold prices. The pair also point to three ASX-listed gold stocks they say Australian investors should have firmly on their radar, with each offering a different mix of production growth, acquisition-led expansion and technical momentum.
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Capricorn Metals (ASX:CMM) rose after announcing a 33% increase in gold reserves to more than 5.2 million ounces. The company is now on track to lift production significantly over the coming years, a development that could help it become one of the leading gold stocks on the ASX as investors continue to assess reserve growth and output visibility across the sector.
Evolution (ASX:EVN) recently announced its proposed $213 million acquisition of Carnaby, strengthening its copper and gold growth pipeline while adding operational synergies. That move could see the stock challenge levels it has not reached in more than a year, with the deal also broadening the company’s exposure beyond pure gold production.
Westgold (ASX:WGX) is showing encouraging technical strength as momentum improves alongside a recovery in gold prices. A move back to its all-time high is being described as a serious possibility, and traders will be watching whether that strength can persist if the broader gold backdrop remains firm.
If gold has indeed found support and is preparing for another move higher, these stocks could be well placed to benefit. Watch as Filip and Pedro analyse the key trends, technical levels and opportunities.
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