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Why Gold, Mining Stocks Are Some of The Few Assets Falling Monday

Aaron McDade

Mon, May 12, 2025, 8:39 AM 1 min read

Alessia Pierdomenico / Bloomberg / Getty Images The price of gold was one of the few declining assets on Monday

The price of gold and gold-related stocks fell Monday after the U.S. and China announced plans to temporarily lower tariffs on each other.
The drop comes after the precious metal hit record highs in recent weeks as investors reached for traditional safe havens amid worries about tariffs.
Gold mining stocks like Barrick and Alamos Gold were among those that declined on Monday.

The price of gold and gold-related stocks lost ground Monday, among the few asset groups to see declines amid a broad market rally fueled by news of easing U.S.-China tariffs.

The drop comes after a surge in gold and mining stocks in recent weeks as investors piled into safe-haven assets amid worries about the Trump administration's tariffs. Gold set several records this year, and peaked at an intraday record of just over $3,500 per ounce late last month.

Gold futures were down more than 2% Monday morning, after reaching a low of $3,207.96 per ounce earlier in the session. Shares of mining companies like Barrick Mining Corp. (B), Agnico Eagle (AEM), Newmont (NEM), and Alamos Gold (AGI) fell Monday morning.