ASX 200 materials shares lead the market sectors last week, rising 0.88% primarily on the back of a new record gold price.
The gold price soared above US$4,000 per ounce for the first time in overnight trading on Wednesday (Australian time).
However, the materials sector's overall lead last week masked a substantial sell-off of ASX 200 gold shares on Friday.
Investors took profits on the final day of trading after the US dollar strengthened and Israel and Hamas agreed to a ceasefire.
The S&P/ASX All Ords Gold Index (ASX: XGD) rose 2.14% between Monday and Thursday, before plummeting 3.51% on Friday.
By comparison, the S&P/ASX 200 Index (ASX: XJO) fell 0.32% over the five trading days to close at 8,958.3 points on Friday.
Only four of the 11 market sectors finished the week in the green.
Let's recap.
Image source: Getty Images
ASX 200 gold mining shares sold off on Friday
The market's largest ASX 200 gold mining share, Northern Star Resources Ltd (ASX: NST), fell 1.47% over the week to close at $24.05.
The Evolution Mining Ltd (ASX: EVN) share price declined 0.46% to $10.93 on Friday.
Newmont Corporation CDI (ASX: NEM) shares fell 0.75% to $129.25.
Ramelius Resources Ltd (ASX: RMS) shares fell 4.5% to $3.82 while Genesis Minerals Ltd (ASX: GMD) lost 4.72% to close at $5.85.
The Perseus Mining Ltd (ASX: PRU) share price dropped 4.25% to $4.73.
Small-cap and mid-cap gold shares were a mixed bag..
ASX 200 newcomer Greatland Resources Ltd (ASX: GGP), rose 9.19% to close out the week at $8.08.
The Dateline Resources Ltd (ASX: DTR) share price fell 16.9% to 54 cents.
Kingsgate Consolidated Ltd (ASX: KCN) lifted 5.3% to $3.97.
Black Cat Syndicate Ltd (ASX: BC8) fell 5.3% to $1.34.
New Murchison Gold Ltd (ASX: NMG) shares rose 6.7% to 3.2 cents per share.
On Thursday, we discussed 7 ASX small-cap gold shares that have skyrocketed in 2025 as the gold price continues its run.
What about other ASX 200 mining shares?
The BHP Group Ltd (ASX: BHP) share price lifted 0.33% to $42.22.
The Fortescue Ltd (ASX: FMG) share price fell 0.67% to $19.16.
Rio Tinto Ltd (ASX: RIO) shares edged 0.07% higher to $125.15.
The Mineral Resources Ltd (ASX: MIN) share price leapt 8.7% to $44.14.
Pure-play copper share, Sandfire Resources Ltd (ASX: SFR) rose 7.9% to $16.13 on Friday.
Capstone Copper Corp (ASX: CSC) shares rose 5.6% to $14.20.
ASX 200 market sector snapshot
Here's how the 11 market sectors stacked up last week, according to CommSec data.
Over the five trading days:
| S&P/ASX 200 market sector | Change last week |
| Materials (ASX: XMJ) | 0.88% |
| Industrials (ASX: XNJ) | 0.84% |
| Healthcare (ASX: XHJ) | 0.16% |
| Utilities (ASX: XUJ) | 0.02% |
| Financials (ASX: XFJ) | (0.29%) |
| Consumer Staples (ASX: XSJ) | (0.43%) |
| A-REIT (ASX: XPJ) | (1.39%) |
| Communication (ASX: XTJ) | (1.4%) |
| Energy (ASX: XEJ) | (1.44%) |
| Consumer Discretionary (ASX: XDJ) | (2.29%) |
| Information Technology (ASX: XIJ) | (2.34%) |
