??????,????????????????“????????”

??

? ???????

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

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

?????????

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

????????