????:1?????????:????????

2???????????

3?????600?????

4???????????

5?????????????

?????,???????COMEX??????????2800?????????/?,???2830.39?/????????????2872??????????????????/??????????????????2??????4??????,??????,?2820???????/??????????

?????????,????,????840????/????????,???,??????????,??????????????

??????????,???????????????????????,??????????,??????3000??????????/???????????,?????????,??????????????????????ETF????

??

2?????????4???,??????????,????????????????2820??/?????????????????????????,??????????????????,????????,???????????????0.08%?2816.63???/????,??????????????2?,?,??2830.39??????/??????????????????????,??????????????2814.38??/???

???????????,COMEX??????,?????2872???????????????????????????/?????????????????,?2843.25???????????/??????????????????

????????????,???????????????????????2?1??,??????????????,?????????????????25%????????????????,??4?????,?2??????3?,???????????????????????,???????????3??4?????

??(??)?,???????????????????25%????????,???????????????????????????????????????,?;?,?,????

??,?????????????????2024??????????,?????????????????????,??COMEX????????????????36%?37%?

?1???????????????????????28???????????????,??????????COMEX????????????????????????2.74%?3.7%?????,???????,??,????????,???

?

???,???,????????,???????????840???/?????2?4??,?????,?855??????/???853????/???

???,????????????,?????????,?????????,????????????“??????”????,?????????????????7????????????,?????600??????,??,???????????????,???????

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

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

????????????????,???????????????????,????,3?31?????????????,??????,??????????????10????,????100?????

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

??

2024????????????,?????,???????????,??,??????????????COMEX??????????????????????27%?

2025??????????????????,????????????,??,????????????,???;????,??,???????????????;?????????????????????????????,???????????????,?????

“???2025???????????,????????,???????3000?????????????,????????????????????”??????,????,?,???????,?????????????????ETF?????????,??????????????????????????,???

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

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