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

2??????????

3??????????

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????,??,???

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

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