{"id":570318,"date":"2025-03-30T23:47:24","date_gmt":"2025-03-31T06:47:24","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/03\/excitement-builds-for-the-spring-rally-in-gold-stocks-in-2025\/"},"modified":"2025-03-30T23:47:51","modified_gmt":"2025-03-31T06:47:51","slug":"2025%e5%b9%b4%e7%9a%84%e9%bb%84%e9%87%91%e8%82%a1%e7%a5%a8%e6%98%a5%e5%ad%a3%e8%a1%8c%e6%83%85%e4%bb%a4%e4%ba%ba%e6%9c%9f%e5%be%85","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/03\/2025%e5%b9%b4%e7%9a%84%e9%bb%84%e9%87%91%e8%82%a1%e7%a5%a8%e6%98%a5%e5%ad%a3%e8%a1%8c%e6%83%85%e4%bb%a4%e4%ba%ba%e6%9c%9f%e5%be%85\/","title":{"rendered":"2025\u5e74\u7684\u9ec4\u91d1\u80a1\u7968\u6625\u5b63\u884c\u60c5\u4ee4\u4eba\u671f\u5f85"},"content":{"rendered":"

2025\u5e74\u4ee5\u6765\uff0c\u9ec4\u91d1\u4ef7\u683c\u5927\u6da8\u8d85\u8fc715%\u5e76\u4e14\u7a81\u7834\u6bcf\u76ce\u53f83000\u7f8e\u5143\u7684\u6574\u6570\u5173\u53e3\uff0c\u9ec4\u91d1\u77ff\u4e1a\u80a1\u4e5f\u6210\u529f\u626d\u8f6c\u8fc7\u53bb12\u5e74\u7684\u957f\u671f\u76d8\u6574\u683c\u5c40\u3002\u4e0d\u8fc7\uff0c\u8fd9\u4e00\u6ce2\u9ec4\u91d1\u80a1\u7684\u7206\u53d1\u6027\u884c\u60c5\uff0c\u6700\u5927\u770b\u70b9\u8fd8\u4e0d\u662f\u80a1\u4ef7\u7684\u7a81\u7834\uff0c\u77ff\u5546\u521b\u7eaa\u5f55\u7684\u76c8\u5229\u80fd\u529b\u4e0e\u884c\u4e1a\u57fa\u672c\u9762\u7684\u5168\u9762\u6539\u5584\u66f4\u52a0\u77a9\u76ee\u3002<\/p>\n

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\u9ec4\u91d1\u80a1\u7968\u7684\u53cd\u5f39\u5df2\u7ecf\u201c\u5728\u8def\u4e0a\u201d<\/h2>\n

\u5168\u7403\u6700\u5927\u91d1\u77ff\u5546\u7ebd\u8499\u7279\uff08TSX:NGT<\/a>,NYSE:NEM\uff09\u4e0e\u5df4\u91cc\u514b\u9ec4\u91d1\uff08TSX:ABX,NYSE:GOLD\uff092024\u5e74\u80a1\u4ef7\u5206\u522b\u4e0b\u8dcc10%\u548c7%\uff0c\u4f462025\u5e74\u8fc4\u4eca\u5df2\u53cd\u5f39\u7ea627%\u548c21.5%\u3002<\/p>\n

\u9ec4\u91d1\u80a1\u7968\u7684\u4e0a\u6da8\u6709\u516c\u53f8\u548c\u884c\u4e1a\u57fa\u672c\u9762\u7684\u652f\u6491\u3002<\/p>\n

\u6570\u636e\u663e\u793a\uff0c\u4e3b\u8981\u9ec4\u91d1\u77ff\u4f01\u7684\u5b63\u5ea6\u5355\u4f4d\u5229\u6da6\u5df2\u6500\u5347\u81f31207\u7f8e\u5143\/\u76ce\u53f8\u7684\u5386\u53f2\u5cf0\u503c\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u589e\u957f78%\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u4f01\u4e1a\u8d22\u52a1\u4e5f\u8fdb\u4e00\u6b65\u6539\u5584\u3002\u6bd4\u5982\u8bf4\uff0c\u5df4\u91cc\u514b\u9ec4\u91d1\u5728\u516c\u5e03\u56db\u5b63\u5ea6\u81ea\u7531\u73b0\u91d1\u6d41\u7ffb\u500d\uff0c\u968f\u540e\u5ba3\u5e0310\u4ebf\u7f8e\u5143\u7684\u80a1\u7968\u56de\u8d2d\u8ba1\u5212\uff1bAngloGold Ashanti\uff08NYSE:AU,JSE:ANG\uff09\u5219\u62ab\u9732\u5341\u5e74\u6765\u6700\u5f3a\u52b2\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\uff0c2024\u5e74\u6bcf\u80a1\u6d3e\u606f0.91\u7f8e\u5143\uff0c\u8f83\u4e0a\u5e74\u589e\u957f\u8fd1\u4e94\u500d\u3002\u6b64\u5916\uff0cGold Fields\uff08NYSE:GFI,JSE:GFI\uff09\u4e0eHarmony Gold\uff08NYSE:HMY,JSE:HAR\uff09\u7b49\u4f01\u4e1a\u4e5f\u6b63\u8003\u8651\u80a1\u7968\u56de\u8d2d\u53ca\u4ea7\u80fd\u6269\u5f20\u9879\u76ee\u3002<\/p>\n

\u5728\u9ec4\u91d1\u6625\u5b63\u5b63\u8282\u6027\u884c\u60c5\u542f\u52a8\u4e4b\u9645\uff0c\u9ec4\u91d1\u80a1\u7684\u6760\u6746\u6548\u5e94\u6216\u5c06\u50ac\u751f\u8fd1\u5e74\u6765\u6700\u5f3a\u52b2\u7684\u4e0a\u6da8\u5468\u671f\u3002<\/p>\n

\u89e3\u5bc6\u9ec4\u91d1\u6625\u5b63\u884c\u60c5<\/h2>\n

\u4e0d\u540c\u4e8e\u519c\u4ea7\u54c1\u53d7\u79cd\u690d\u5468\u671f\u5f71\u54cd\u7684\u4f9b\u7ed9\u9a71\u52a8\u578b\u5b63\u8282\u6027\uff0c\u9ec4\u91d1\u7684\u5b63\u8282\u6027\u6ce2\u52a8\u4e3b\u8981\u6765\u81ea\u4e8e\u5168\u7403\u6295\u8d44\u9700\u6c42\u7684\u5468\u671f\u6027\u53d8\u5316\u3002\u5386\u53f2\u6570\u636e\u663e\u793a\uff082001-2012\u5e74\u53ca2016-2024\u5e74\u725b\u5e02\u671f\u95f4\uff09\uff0c\u9ec4\u91d1\u5728\u79cb\u5b63\u3001\u51ac\u5b63\u3001\u6625\u5b63\u7684\u5e73\u5747\u6da8\u5e45\u5206\u522b\u4e3a5.2%\u30017.6%\u548c3.8%\u3002\u5982\u6b64\u770b\u6765\uff0c\u6625\u5b63\u4f3c\u4e4e\u662f\u9ec4\u91d1\u7684\u6700\u5f31\u5b63\uff0c\u4f46\u9ec4\u91d1\u80a1\u5374\u5c55\u73b0\u51fa\u60ca\u4eba\u7684\u53cd\u5411\u89c4\u5f8b\uff1a\u8fc7\u53bb21\u4e2a\u9ec4\u91d1\u725b\u5e02\u5e74\u4efd\u5f53\u4e2d\uff0c\u9ec4\u91d1\u80a1\u7684\u5e73\u5747\u6da8\u5e45\u53cd\u800c\u662f\u6700\u9ad8\u7684\uff08\u8fbe\u523012%\uff09\uff0c\u5bf9\u9ec4\u91d1\u5f62\u62103.1\u500d\u7684\u6760\u6746\u6548\u5e94\u3002<\/p>\n

\u8fd9\u79cd\u770b\u4f3c\u77db\u76fe\u7684\u73b0\u8c61\uff0c\u5b9e\u5219\u63ed\u793a\u4e86\u5e02\u573a\u60c5\u7eea\u5bf9\u8d44\u672c\u914d\u7f6e\u7684\u6df1\u5c42\u5f71\u54cd\u3002<\/p>\n

\u5317\u534a\u7403\u4ea4\u6613\u8005\uff08\u5360\u5168\u7403\u5e02\u573a\u4e3b\u5bfc\u5730\u4f4d\uff09\u7ecf\u5386\u6f2b\u957f\u51ac\u5b63\u540e\uff0c\u6625\u5b63\u7684\u81ea\u7136\u5149\u7167\u5ef6\u957f\u4e0e\u6c14\u6e29\u56de\u5347\u663e\u8457\u6539\u5584\u5e02\u573a\u60c5\u7eea\u3002\u795e\u7ecf\u79d1\u5b66\u7814\u7a76\u8868\u660e\uff0c\u65e5\u7167\u65f6\u95f4\u589e\u52a0\u4f1a\u523a\u6fc0\u8840\u6e05\u7d20\u5206\u6ccc\uff0c\u63d0\u5347\u98ce\u9669\u504f\u597d\u3002\u8fd9\u79cd\u666e\u904d\u6027\u7684\u4e50\u89c2\u60c5\u7eea\u5bfc\u81f4\uff1a<\/p>\n

    \n
  1. \u6295\u8d44\u8005\u66f4\u503e\u5411\u4e8e\u5c06\u8d44\u91d1\u914d\u7f6e\u4e8e\u9ad8\u98ce\u9669\u8d44\u4ea7<\/li>\n
  2. \u9ec4\u91d1\u4f5c\u4e3a\u907f\u9669\u8d44\u4ea7\u7684\u9700\u6c42\u88ab\u91cd\u65b0\u8bc4\u4f30<\/li>\n
  3. \u9ec4\u91d1\u80a1\u56e0\u517c\u5177\u5546\u54c1\u5c5e\u6027\u4e0e\u6743\u76ca\u7279\u5f81\uff0c\u6210\u4e3a\u60c5\u7eea\u4f20\u5bfc\u7684\u653e\u5927\u5668\u3002<\/li>\n<\/ol>\n

    \u6b64\u65f6\u5f62\u6210\u7684\u201c\u4e50\u89c2-\u4e70\u5165-\u4e0a\u6da8-\u66f4\u4e50\u89c2”\u6b63\u53cd\u9988\u673a\u5236\uff0c\u4f7f\u5f97\u9ec4\u91d1\u80a1\u6625\u5b63\u884c\u60c5\u5f80\u5f80\u5448\u73b0\u81ea\u6211\u5f3a\u5316\u7684\u52a8\u91cf\u7279\u5f81\u30022025\u5e743\u6708\u4e2d\u65ec\uff0c\u9ec4\u91d1ETF\uff08GLD+IAU\uff09\u7684\u603b\u6301\u4ed3\u89c4\u6a21\u867d\u8fbe1314\u4ebf\u7f8e\u5143\uff0c\u4f46\u76f8\u5bf9\u4e8e\u6807\u666e500\u6307\u657051.4\u4e07\u4ebf\u7f8e\u5143\u7684\u5e02\u503c\uff0c\u914d\u7f6e\u6bd4\u4f8b\u4ec50.26%\uff0c\u663e\u793a\u8d44\u91d1\u589e\u914d\u7a7a\u95f4\u5de8\u5927\u3002<\/p>\n

    \u9ec4\u91d1\u80a1\u7684\u6760\u6746\u6548\u5e94<\/h2>\n

    \u77ff\u5546\u4e1a\u7ee9\u5bf9\u91d1\u4ef7\u7684\u9ad8\u5ea6\u654f\u611f\u6027\u6784\u5efa\u4e86\u5929\u7136\u7684\u8d22\u52a1\u6760\u6746\u3002\u5f53\u91d1\u4ef7\u7a81\u7834\u77ff\u4f01\u7684\u603b\u7ef4\u6301\u6210\u672c\u7ebf\u540e\uff0c\u6bcf\u76ce\u53f8\u5229\u6da6\u5448\u73b0\u6307\u6570\u7ea7\u589e\u957f\u3002\u4ee52024\u5e74\u56db\u5b63\u5ea6\u4e3a\u4f8b\uff0c\u9ec4\u91d1\u5747\u4ef7\u8f83\u6210\u672c\u6ea2\u4ef7\u8fbe1207\u7f8e\u5143\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u98d9\u534778%\u3002\u8fd9\u79cd\u76c8\u5229\u5f39\u6027\u5728\u4f30\u503c\u5c42\u9762\u4ea7\u751f\u53cc\u91cd\u6548\u5e94\uff1a<\/p>\n

      \n
    • \u9759\u6001\u4f30\u503c\uff1a\u591a\u6570\u9ec4\u91d1\u80a1TTM\u5e02\u76c8\u7387\u7ef4\u6301\u5728\u4e2a\u4f4d\u6570\u81f310\u4f59\u500d<\/li>\n
    • \u52a8\u6001\u9884\u671f\uff1aQ1’25\u5355\u4f4d\u5229\u6da6\u9884\u8ba1\u8fbe1400\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f76%\u3002\u53e0\u52a0GDX\u9ec4\u91d1\u77ff\u4e1aETF\u57282025\u5e743\u6708\u5f62\u6210\u6280\u672f\u7a81\u7834\uff0c\u5e02\u573a\u5bf9\u884c\u4e1a\u91cd\u4f30\u503c\u7684\u5171\u8bc6\u6b63\u5728\u52a0\u901f\u5f62\u6210\u3002<\/li>\n<\/ul>\n

      \u5386\u53f2\u5468\u671f\u4e0e\u5f53\u524d\u884c\u60c5\u7684\u5bf9\u6bd4\u7814\u7a76<\/p>\n

        \n
      1. 2001-2011\u5e74\u8d85\u7ea7\u5468\u671f<\/strong>\uff1a\u9ec4\u91d1\u7d2f\u8ba1\u4e0a\u6da8638.2%\uff0c\u9ec4\u91d1\u80a1\u7968\u6307\u6570HUI\u66b4\u6da81664.4%<\/li>\n
      2. 2016-2020\u5e74\u725b\u5e02<\/strong>\uff1a\u9ec4\u91d1\u6da8\u5e4596.2%\uff0cGDX\u57282020\u5e74\u6625\u5b63\u75ab\u60c5\u51b2\u51fb\u4e0b\u5927\u6da895.8%<\/li>\n
      3. 2024\u5e74<\/strong>\uff1a\u91d1\u4ef7\u4e0a\u6da827.2%\uff0c\u4f46GDX\u4ec5\u8ddf\u6da89.4%\uff08\u6760\u6746\u73870.3\u500d\uff09\uff0c\u663e\u8457\u504f\u79bb\u5386\u53f2\u5747\u503c<\/li>\n<\/ol>\n

        \u8fd9\u79cd\u5f02\u5e38\u504f\u79bb\u6070\u6070\u4e3a2025\u5e74\u6625\u5b63\u884c\u60c5\u79ef\u84c4\u4e86\u5f3a\u5927\u52bf\u80fd\u3002\u82e5\u91d1\u4ef7\u4e0a\u6da810%\u81f315%\uff0cGDX\u7684\u6da8\u5e45\u5c06\u572831%\u81f347%\u4e4b\u95f4\u3002\u800c\u5386\u53f2\u6781\u503c\u6848\u4f8b\uff08\u59822020\u5e74GDX\u8fd1\u7ffb\u500d\uff09\u8868\u660e\uff0c\u5728\u57fa\u672c\u9762\u3001\u6280\u672f\u9762\u548c\u60c5\u7eea\u9762\u5171\u632f\u65f6\uff0c\u884c\u60c5\u5f39\u6027\u53ef\u80fd\u8fdc\u8d85\u9884\u671f\u3002<\/p>\n

        \u7ed3\u8bed<\/h2>\n

        2025\u5e74\u7684\u9ec4\u91d1\u80a1\u6625\u5b63\u884c\u60c5\uff0c\u6070\u9022\u6280\u672f\u7a81\u7834\u3001\u76c8\u5229\u7206\u53d1\u548c\u8d44\u91d1\u91cd\u6784\u7684\u4e09\u91cd\u9a71\u52a8\u3002\u5728\u5b63\u8282\u6027\u89c4\u5f8b\u52a0\u6301\u4e0b\uff0c\u8fd9\u6ce2\u884c\u60c5\u6216\u5c06\u6210\u4e3a\u5b9a\u4e49\u65b0\u5468\u671f\u7684\u5173\u952e\u6218\u5f79\u3002\u5f53\u5e02\u573a\u8fd8\u5728\u4e89\u8bba\u201c\u9ec4\u91d1\u662f\u5426\u9ad8\u4f30”\u65f6\uff0c\u77ff\u5546\u4e1a\u7ee9\u62a5\u8868\u4e2d\u7684\u521b\u7eaa\u5f55\u73b0\u91d1\u6d41\uff0c\u6b63\u5728\u4e3a\u4ef7\u503c\u91cd\u4f30\u5199\u4e0b\u6700\u575a\u5b9e\u7684\u6ce8\u811a\u3002\u5bf9\u4e8e\u7406\u6027\u6295\u8d44\u8005\u800c\u8a00\uff0c\u7406\u89e3\u5b63\u8282\u89c4\u5f8b\u80cc\u540e\u7684\u884c\u4e3a\u903b\u8f91\uff0c\u628a\u63e1\u57fa\u672c\u9762\u6539\u5584\u7684\u786e\u5b9a\u6027\uff0c\u65b9\u80fd\u5728\u6ce2\u52a8\u4e2d\u6355\u83b7\u8d85\u989d\u6536\u76ca\u7684\u9ec4\u91d1\u673a\u9047\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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