????????,??????????“????????????”

??

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

?,????????????“???????????”????????????????!

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

?????????

?????????????,??????????“????????????”?????

????????