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

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

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

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