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

????:?????????:?????400?4????

?,???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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