Gold Axe

Golden Axes are axes of the fourth tier, stronger than Silver Axes. Unlike it happens with other tiers, the War Axe of the Night (made with Demonite) doesn't provide a speed increase when chopping trees, but it deals greatly increased damage to enemies. A Golden Axe can be crafted with 9 Gold Bars and 3 Wood. They're used to chop Trees and mature Glowing Mushrooms. They can also be used as a weapon but are not to be relied on.