Kalgoorlie-Boulder celebrates record price as gold surges past $5,000 an ounce

Australia’s “gold capital” is celebrating record prices for the precious metal, but there are concerns the hot streak conceals a two-speed economy with cost-of-living pressures rife.

Kalgoorlie-Boulder, about 600km east of Perth, was home to Australia’s biggest gold rush in the 1890s when the…