ASX 200 gold stocks hammered amid historic gold price crash
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S&P/ASX 200 Index (ASX: XJO) gold stocks are getting hammered today as the gold price takes a steep tumble.
At the time of writing, bullion is trading for US$4,067 per ounce, down from the near-record high of US$4,356 that the same ounce was trading for yesterday.
This sees the gold price down 6.6%, which marks its largest fall in more than 12 years. And it sees the S&P/ASX All Ordinaries Gold Index (ASX: XGD) – which also contains some smaller miners outside of ASX 200 gold stocks – down a painful 9.5% today.
ASX silver shares are also feeling the pressure today, with silver prices plunging by 8.7% overnight. Silver is currently trading for US$48 per ounce, down from last week’s record highs of more…
