????:1???????:????????

2????????

3????????????

4????????????

5?????

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