???????!?“?????”?

????:??????:??????????

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

??

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??????,???????????(???)??????????????????????

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

??????

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

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

??

?,???“?????????????”?

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

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

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

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

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

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

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

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

????????????????????????????? ?????:?????