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

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

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

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