S&P/ASX 200 Index (ASX: XJO) shares closed 0.66% higher at 8,402.4 points on Tuesday.
It's been a rollercoaster day for ASX 200 shares, which rose very strongly in the first 80 minutes of trading.
ASX 200 shares lifted by 1.27% to hit a six-week high of 8,453.3 points just before noon.
Then news broke that the newly inaugurated US President Donald Trump had named a starting date for a 25% tariff on Mexico and Canada.
This caused ASX 200 shares to suddenly plummet, wiping out the day's gains in less than 15 minutes.
The benchmark index has since recovered.
Amid all this drama, the following eight ASX 200 shares have hit new multi-year high prices.
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8 ASX 200 shares hitting new 52-week peaks on Tuesday
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price hit a multi-year high of $8.74 on Tuesday despite no news from the company.
In a new note on the ASX insurance sector, top broker Morgan Stanley predicts a 12% increase in IAG's underlying insurance profit growth for FY25.
IAG will report its FY25 half-year results on 13 February.
The share price of this ASX 200 insurance giant is up 47% over the past year.
Suncorp Group Ltd (ASX: SUN)
The Suncorp share price hit an 18-year high of $20.04 today despite no news from the fellow ASX 200 insurer.
Morgan Stanley predicts a 20% increase in underlying insurance profit growth for Suncorp.
This ASX insurance share is up 40% over the past 12 months.
Pinnacle Investment Management Group Ltd (ASX: PNI)
The Pinnacle share price hit an all-time high of $25.06 on Tuesday.
The investment management company has no news for investors today.
This ASX 200 financial share is up 147% over the past 12 months.
Breville Group Ltd (ASX: BRG)
The Breville share price hit an all-time record of $38.00 despite no news from the whitegoods retailer.
This ASX consumer discretionary share is up 37% over the past year.
Genesis Minerals Ltd (ASX: GMD)
The Genesis Minerals share price hit a 14-year peak of $2.98 despite no news from the company.
Genesis Minerals was among the top 5 ASX 200 gold shares for price growth in 2024.
This ASX 200 gold share is up 82% over the past 12 months.
Genesis and the following three gold miners have benefitted tremendously from the high gold price.
The gold price ascended 27% last year, its best annual performance since 2010.
At the time of writing, the gold futures price is US$2,744.2 per ounce, down 0.16% for the day.
This is not far off its all-time record high of US$2,781.9 per ounce reached on 30 October.
Trading Economics analysts said gold futures were holding firm amid push and pull factors for its value.
The analysts said:
President [Donald] Trump's declaration of a national energy emergency, emphasizing expanded oil and gas production, could reduce energy costs and ease inflationary pressures, potentially diminishing gold's appeal as an inflation hedge.
However, fiscal and trade policy uncertainty, coupled with the abandonment of renewable energy commitments and the Paris Accord, supports safe-haven demand.
A weaker dollar following Trump's inauguration further underpins gold, while expectations of limited Fed rate hikes amid soft U.S. economic data add to its allure.
Though geopolitical stability, including a Middle East ceasefire, has slightly tempered risk aversion, Trump's broader economic agenda fuels volatility, sustaining gold's prominence.
Capricorn Metals Ltd (ASX: CMM)
The share price of fellow gold miner Capricorn Metals also hit a record high today.
Capricorn Metals shares rose to $7.30 apiece on Tuesday. There is no news from the company today.
This ASX 200 gold stock is up 68% over the past year.
Gold Road Resources Ltd (ASX: GOR)
Gold Road shares rose to a record $2.51 per share on Tuesday despite no company news.
This ASX 200 gold mining share is up 46% over the past 12 months.
Regis Resources Ltd (ASX: RRL)
The Regis Resources share price hit a 23-year high of $3.01. This miner also did not release any news today.
This ASX 200 gold stock is up 44% over the past 12 months.
