ASX 200 gold shares are pushing higher on the market today.
Gold shares in the green include Evolution Mining Ltd (ASX: EVN), Newcrest Mining Ltd (ASX: NCM), and Northern Star Resources Ltd (ASX: NST).
So why are ASX 200 gold shares on the rise today?
Gold price rises
Evolution shares are rising 1.68% today, while Northern Star shares are up 1.17%. Meanwhile, the Newcrest Mining share price is climbing 1.37% today.
All these ASX 200 gold shares are major producers of gold.
The gold price pushed higher overnight, as my Foolish colleague James reported this morning.
Spot gold lifted to its highest level in six months amid China's reopening optimism weighing on the US dollar, Reuters reported.
Commenting on the gold price, RJO Futures senior market strategist Bob Haberkorn told the publication:
Gold is following the decisions by China to further ease COVID restrictionson the anticipation of higher demand from the region and in spite of rising yields.
The spot gold price is currently fetching US$1,817.60 an ounce, according to CNBC.
Share price snapshot
The Northern Star share price has risen 21% in the last year.
The Evolution Mining share price has fallen 25% in the past 52 weeks.
The Newcrest share price has slid nearly 13% in the past year.
