??????,????????????????“????????”
????????? ????
??,??????????????“??”??!
2??????????????11?????????????,????,??????2942.18?/??,??????????3000??????????/?,??????????????,???????2900???????????????????/????????
??????????????2????????11????????????????????,????????????999???????886???????/???????,?????????????891/??
????????????????????????,??????????????????????(?????“??”)???,?????
??
2024?,?????26.6%,??????????????2025??????,???????1????????????????,????????????
?,2??????????11??????????????,???????2940??,?????????????2942.71????????????????/?????????,????2900????????????/???????COMEX??????2968.5??????????????????????/?,?????
????????2??????11?,??999?????????886???????????????????/???,?891/?????
?????????????12?????????3000?????????????????????/?????????????????????????,???????????,?????,???
??????????????????????,???????????????????,?????????,?????,???;????????,???????????????????????????????????????????,?????????
??????????,?????????????????????????????,??????????????????????,?????????????,????????????????
???????????
?????????????????,2????????????11????????????????????????????,????????????,??,??????????????
??,??,????????2025??2????????????12????(???????)????????????,Au(T+D)?mAu(T+D)?Au(T+N1)?Au(T+N2)?NYAuTN06?NYAuTN12?????10%????11%,?????9%????????????????10%;CAu99.99??65000????????????70000???????????
?????????????,??????????????????????,??,??,????,??????????,???????????????????
2????10???,???????????,??,?????????,???????????????????????????????????????????,???????????,?,??,?????????????????????????
????
???????????????????????,???????,??????????????
?????,??App?,???????5g?10g?20g?50g?100g?200g??????????????
?????????????????????,??????,????
??????????,???????????????«??»?????????????,??????,??2025?2?10???????????,???????:??????????????,??????????????????????650????????700?,????200??????????????,??????????????;?????????????,???1???????????????????,??????1?????????????????????????????????????????
??????«????????????»,????????2025???????????????2??12?????????????????,??????????????????0.01%???0.1%????????????0.1%???????0.2%???????0.3%?
??????“??????????”
???,???????????????????????????????????????????????,?????
?,????????????????????????,??
??????????,???????,?????????????3000???,???????2900?????????????????,???????????????????,??????,?2850????????????,???????2800??????????,?,????????2025????????3000????????/????????????????,????,?????????
“?????,?,???????????????????,??????,????????????,??”??????????????????,???????????????
???????????????,2025????????????,?????????,?????2025??????2025??,????????????????????????????????????????????,?,????
?,??????????????????????,????????????????3000????????/??????,??????????,????????????,??????????????????????,?????????????????,??,???????COMEX????,???????????,?? ?????????????????:??