6 ASX 200 shares smashing new highs while the market dives today

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.

The post 6 ASX 200 shares smashing new highs while the market dives today appeared first on The Motley Fool Australia.

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has positions in Newmont. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase and REA Group. The Motley Fool Australia has recommended REA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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