Why are ASX 200 gold stocks like Northern Star and Newmont down so much today?

MotleyFool08:13

S&P/ASX 200 Index (ASX: XJO) gold stocks, including Northern Star Resources Ltd (ASX: NST) and Newmont Corp (ASX: NEM), are getting smashed on Thursday. In morning trade, the ASX 200 is down 1.6%. But...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy are ASX 200 gold stocks like Northern Star and Newmont down so much today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-19 08:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2026/03/19/why-are-asx-200-gold-stocks-like-northern-star-and-newmont-down-so-much-today/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S&P/ASX 200 Index (ASX: XJO) gold stocks, including Northern Star Resources Ltd (ASX: NST) and Newmont Corp (ASX: NEM), are getting smashed on Thursday.\nIn morning trade, the ASX 200 is down 1.6%.\nBut...</p>\n\n<a href=\"https://www.fool.com.au/2026/03/19/why-are-asx-200-gold-stocks-like-northern-star-and-newmont-down-so-much-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.fool.com.au/2026/03/19/why-are-asx-200-gold-stocks-like-northern-star-and-newmont-down-so-much-today/","article_id":"2620995842","we_media_id":null,"thumbnails":[],"rights":{"source":"motleyfoolau_stock","url":"https://www.fool.com.au/2026/03/19/why-are-asx-200-gold-stocks-like-northern-star-and-newmont-down-so-much-today/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2620995842","pubTimestamp":1773879233,"columns":[],"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"S&P/ASX 200 Index gold stocks, including Northern Star Resources Ltd  and Newmont Corp , are getting smashed on Thursday.In morning trade, the ASX 200 is down 1.6%.But the gold miners are doing it much tougher today as witnessed by the 7.1% decline in the S&P/ASX All Ordinaries Gold Index .Here's how some of the top ASX 200 gold stock are performing at this same time:. Evolution Mining Ltd  shares are down 7.0% at $12.56. Ramelius Resources Ltd shares are down 8.7% at $3.69. Bellevue Gold Ltd  shares are down 9.4% at $1.46. Genesis Minerals Ltd  shares are down 9.1% at $5.61. Perseus Mining Ltd  shares are down 6.6% at $4.84. Westgold Resources Ltd  shares are down 7.8% at $5.69. Ora Banda Mining Ltd shares are down 9.4% at $1.35. After enjoying a tremendous run through to the beginning of March this year, ASX 200 gold stocks like Northern Star and Newmont have come under selling pressure amid a sizeable retrace in the record setting gold price.Longer-term investors in most ASX 200 gol","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","AAAU":"Goldman Sachs Physical Gold ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","XJO.AU":"标普/澳交所 200指数","BK7507":"资源股","IAUM":"ISHARES GOLD TRUST MICRO","DZZ":"德银黄金两倍做空ETN","GLDM":"SPDR Gold MiniShares Trust","WGX.AU":"WESTGOLD RESOURCES LTD","SGOL":"Abrdn Gold ETF Trust","GDX":"黄金矿业ETF-VanEck","BK7104":"黄金","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","GMD.AU":"Genesis Minerals Ltd","EVN.AU":"EVOLUTION MINING LTD","RMS.AU":"RAMELIUS RESOURCES LTD","GDXJ":"小型黄金矿业ETF(Market Vectors)","DGP":"二倍做多黄金ETN(PowerShares)","STO.AU":"SANTOS LIMITED","BK7506":"金矿股","BK4588":"碎股","BGL.AU":"BELLEVUE GOLD LTD","WDS.AU":"WOODSIDE ENERGY GROUP LTD","JNUG":"金矿指数二倍做多ETF","PRU.AU":"PERSEUS MINING LTD","BK4504":"桥水持仓","BK4535":"淡马锡持仓","BK4207":"综合性银行","NST.AU":"NORTHERN STAR RESOURCES LTD","NEM.AU":"NEWMONT CORP-CDI","XME":"金属与采矿指数ETF-SPDR","GLL":"2倍做空黄金ETF-ProShares","OBM.AU":"ORA BANDA MINING LTD","IAU":"黄金信托ETF-iShares","VAU.AU":"Vault Minerals Ltd","BK7142":"石油与天然气的勘探与生产"},"translate_title":"为什么像北极星和纽蒙特这样的ASX 200黄金股今天下跌这么多？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STO.AU":1,"GLL":1.5,"IAU":1.5,"GDX":1.5,"GDXD":1.5,"GDXJ":1.5,"VAU.AU":1,"XME":1.5,"IAUM":1.5,"JNUG":1.5,"NST.AU":1,"DGP":1.5,"WGX.AU":1,"AAAU":1.5,"PRU.AU":1,"BGL.AU":1,"NEM.AU":1,"RMS.AU":1,"SGOL":1.5,"DUST":1.5,"XJO.AU":1,"GMD.AU":1,"WDS.AU":1,"DZZ":1.5,"OBM.AU":1,"EVN.AU":1,"GLDM":1.5},"content_text":"S&P/ASX 200 Index (ASX: XJO) gold stocks, including Northern Star Resources Ltd (ASX: NST) and Newmont Corp (ASX: NEM), are getting smashed on Thursday.\nIn morning trade, the ASX 200 is down 1.6%.\nBut the gold miners are doing it much tougher today as witnessed by the 7.1% decline in the S&P/ASX All Ordinaries Gold Index (ASX: XGD).\nHere's how some of the top ASX 200 gold stock are performing at this same time:\n\nNorthern Star shares are down 7.0% at $19.48\nNewmont shares are down 4.9% at $147.69\nEvolution Mining Ltd (ASX: EVN) shares are down 7.0% at $12.56\nRamelius Resources Ltd(ASX: RMS) shares are down 8.7% at $3.69\nBellevue Gold Ltd (ASX: BGL) shares are down 9.4% at $1.46\nGenesis Minerals Ltd (ASX: GMD) shares are down 9.1% at $5.61\nPerseus Mining Ltd (ASX: PRU) shares are down 6.6% at $4.84\nVault Minerals Ltd (ASX: VAU) shares are down 8.6% at $4.23\nWestgold Resources Ltd (ASX: WGX) shares are down 7.8% at $5.69\nOra Banda Mining Ltd (ASX: OBM) shares are down 9.4% at $1.35\n\nOuch!\nHere's what's got investors reaching for their sell buttons.\nImage source: Getty Images\nASX 200 gold stocks in the crosshairs\nAfter enjoying a tremendous run through to the beginning of March this year, ASX 200 gold stocks like Northern Star and Newmont have come under selling pressure amid a sizeable retrace in the record setting gold price.\nOn 2 March, gold was trading for US$5,322 per ounce. Today, that same ounce is trading for US$4,834, according to data from Bloomberg. That sees the gold price down more than 9% this month.\nThis comes as the oil price heads the other direction. Brent crude oil is trading or US$107 per barrel today, up 38% since 2 March.\nAnd it matters for two reasons.\nFirst, this divergence in the two commodity prices is driving a rotation from ASX 200 gold stocks into ASX 200 energy stocks.\nWoodside Energy Group Ltd (ASX: WDS) shares, for example, are up 4.5% today, while rival Santos Ltd (ASX: STO) shares are up 2.8%.\nThe other reason the gold price – and gold miners like Newmont, Northern Star and Evolution Mining – are taking a steep hit is that fast rising energy prices look likely to fuel inflation.\nThe Middle East conflict and its impact on global oil prices was cited by Fed officials yesterday when the US central bank opted to keep interest rates on hold. On Tuesday, the RBA also mentioned rising energy costs after it opted to increase interest rates in Australia.\nAnd gold, which pays no yield itself and is priced in US dollars, tends to do better in a low or falling rate environment.\nThe bigger picture\nLonger-term investors in most ASX 200 gold stocks should still be sitting on outsized gains.\nDespite today's big retrace, the ASX All Ords Gold Index remains up 55.4% over 12 months.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620995842","isCrawlerRequest":true}