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

??

????,?????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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