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

2?????????

3???????

4???????

5?????

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

??,???????????????????“?????”????!

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?????????,????????,?? ????:???