????:1???98???:?????????

2????????

3????????????

4????????

5????????

?????????/???

??

8??1??????????????????????????,??????????????(COMEX)???2500??????????????/???????????,??????????2502.8???/?????,????????

??

????,????????????????????,?????

?????????,??

?7????????????????????31??????,????5.25%?????????????5.5%????????????????????2023??????9???

??????????,??????,?????“??????????”??????“????????????????”????????????,???????,??????????????????“??????????????????”,????????????“??????”,???????????????9??

??????????????,??????????????

????(CME)“???????????????????”,??????????9??????25?????????????????????90.5%,??50?????9.5%?

??

7???????31??,??????????(??????????????????)???????????????????

????????,??????,???

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???«???»?????????????????????,???????(??)?4%,???1258????????,?;???,????????53%,??????????????????329???????????????

??????????,??????????,??????????,??,?12?????

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???????,?“???”?

?,????????????????

????????????,2024??????????2009?????,?????????????????86??????????????????,????????35%,???????????53%;????????????????18%,??????????????????????????????270????????????

?????????,?0.2%,??6??3.7%?

?,???????

??????????????????,?????ETF?????140???,??????,???????????????;??????????,????????ETF??????,?????50%??77%?

???????????????,??????,??????,???????????,???????

????,???????????????????,?????,????2350-2485???/????????

??????????,????????????,?????????,???,????????,???2025?????2700-3000???????/??

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