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

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

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

??

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