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深潮 TechFlow 消息,03 月 29 日,黄金矿业 ETF($GDX)中约 95%的成分股已进入熊市,为 2023 年以来最高比例,过去 4 周累计下跌 25%。分析人士指出,此轮下跌主因包括:美元走强、股市下跌引发的保证金追缴强制抛售,以及伊朗战争推高矿业运营成本。然而,现货金价仍维持在历史高位附近,矿业股与金价的背离被部分投资者视为极度超卖信号,市场普遍预期存在强力反弹机会。