?!?????“???????”?

????:????????:???98?

?/??????

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

????????????????

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

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

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

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

?,???????

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

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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%?

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

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

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