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

??

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