2025年黄金涨至4 500美元/oz,增加了ASX采矿库存,而生物技术公司损失数十亿美元。 Gold surged past $4,500/oz in 2025, boosting ASX mining stocks, while biotech firms lost billions.

2025年,ASX在一次黄金集市上猛增,将价格推至每盎司4 500美元以上,达到每年70%以上,推动采矿业取得巨大收益。 In 2025, the ASX surged on a gold rally that pushed prices above $4,500 per ounce, up over 70% year-to-date, driving massive gains across mining stocks. Evolution Mining和Newmont等主要生产商的增长率超过150%,而中小型公司,包括Regis Resources、4D Medical和EOS公司,回报率达到200%或更高。 Major producers like Evolution Mining and Newmont rose more than 150%, while mid- and small-cap firms, including Regis Resources, 4D Medical, and EOS, saw returns of 200% or higher. Dateline Resources和Sunrise Energy等投机性股票上涨超过3500%，Kaili Resources在监管审查前短暂飙升超过50,000%。 Speculative stocks like Dateline Resources and Sunrise Energy surged over 3,500%, with Kaili Resources briefly spiking over 50,000% before regulatory scrutiny. 首次公开募股（IPO）复苏，金属火药厂价格从20美分飙升至近5美元。 IPOs revived, with Metal Powder Works soaring from 20 cents to nearly $5. 然而,生物技术库存受到影响,Botanix、Telix和CSL损失了36%至75%,价值近300亿美元。 However, biotech stocks suffered, with Botanix, Telix, and CSL losing 36% to 75%, erasing nearly $30 billion in value. 中央银行不断购买黄金,地缘政治紧张,以及削减利率,这些都有望将黄金的势头维持到2026年。 Ongoing central bank gold buying, geopolitical tensions, and rate cuts are expected to sustain gold’s momentum into 2026.