??????,????????????????“????????”

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

??? ???

????????????,???????“?”???!

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