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

??????????????,???“??”?????!

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

??

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