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

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

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

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

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