UPDATE: ASX 200 gold stocks are experiencing a significant downturn today, with major players like Northern Star Resources Ltd (ASX: NST) plunging 3.0% as of early afternoon trading on December 27, 2025. This sharp decline is hitting the sector hard, as the S&P/ASX 200 Index remains nearly flat, with little support coming from gold miners.
A broad sell-off is underway in the gold mining sector, with shares of Newmont Corp (ASX: NEM) down 4.3%, Ramelius Resources Ltd (ASX: RMS) down 2.8%, and Evolution Mining Ltd (ASX: EVN) experiencing a staggering drop of 4.8%. Other notable losses include Bellevue Gold Ltd (ASX: BGL) down 2.5% and Genesis Minerals Ltd (ASX: GMD) down 3.5%.
What’s driving this downturn? The gold price, which recently peaked at a record high of US$4,533 per ounce over the weekend, has now slipped by 4.8% to US$4,336. This pullback is prompting some investors to hit the sell button, despite the gold price still showing a remarkable 66% increase over the past year.
Investors who are selling today could be capitalizing on substantial profits, with many ASX 200 gold stocks showing impressive annual gains. For instance, Northern Star shares have surged 67.3% in the last year, while Newmont shares have skyrocketed 144.3%.
Analysts are divided on the future of gold prices. While some speculate the golden bull run may be over, others, like Ole Hansen, head of commodity strategy at Saxo Bank, predict that gold could reach US$5,000 per ounce in 2026. “Gold is increasingly a cornerstone asset in a world defined by fragmentation, fiscal strain, and geopolitical uncertainty,” Hansen states.
As the trading day progresses, investors will be closely monitoring these developments. Will the gold price stabilize, or will it continue to decline? The coming days will be crucial for the ASX 200 gold stocks as they respond to these fluctuating market conditions.
Stay tuned for more updates on this developing story as we continue to track the performance of gold stocks and the overall market impact.
