It's been a fairly horrid session for the S&P/ASX 200 Index (ASX: XJO) and many ASX 200 shares this Tuesday. At the time of writing with only moments until close, the ASX 200 index has plunged by a nasty 1.59%, leaving the index at just over 8,200 points.
But amid this market chaos, a handful of ASX 200 shares are defying the gloom to push decisively higher and mint new 52-week highs. Let's discuss the six ASX 200 shares that are doing so.
6 ASX 200 shares minting new 52-week highs today
Right off the bat, four out of the six ASX 200 stocks at new 52-week highs today are gold miners. They include the ASX 200's largest gold share in Newmont Corporation (ASX: NEM), as well as Northern Star Resources Ltd (ASX: NST), Westgold Resources Ltd (ASX: WGX) and Perseus Mining Ltd (ASX: PRU).
The Newmont share price hit a new 52-week high of $87 just before midday today. Northern Star shares have climbed as high as $17.52 this session.
Westgold's new high watermark for the year stands at $3.36, while Perseus Mining stock got as high as $2.97 this morning.
The catalyst behind these new 52-week highs looks fairly open and shut.
As we reported on this morning, the gold price continued to push into new record territory overnight. The precious metal was fetching a new record high of US$2,732 an ounce today. As such, it's no surprise to see these ASX 200 gold shares attract new capital this Tuesday.
It's not just the ASX gold stocks…
A non-gold ASX share that is joining the party is mining services stock NRW Holdings Ltd (ASX: NWH). NRW shares hit a new 52-week of their own this morning, climbing up to $3.86 each.
As my Fool colleague James went into this afternoon, this new high for NRW seems to be the result of a new $1.6 billion contract the company has signed with Stanmore SMC.
Finally, property titan REA Group Ltd (ASX: REA) rounds out the lucky six ASX 200 shares at new 52-week highs this session.
In REA's case, the company ascended as high as $231.36 a share earlier this morning. With no fresh, price-sensitive news out from the company today, it's possible that a new broker note covering REA stock is responsible here.
As we discussed this morning, ASX broker JPMorgan has upgraded REA shares from a 'hold' to a 'buy' rating. The broker expects REA's dominance of the Australian property classifieds market to continue, and has given the company a 12-month share price target of $240 accordingly.
