??????,????????????“????????????”
? ?
???????????????????,??????????????“???????”???????????!
2??????????????????????11?,?,???????????2942.18??????????????????/??????,???3000??????/??????????,??????????,???????2900???????/??
???????????2??????????????????????11???????,??????999???????886??????/????????????,????????891/?????????????
??????????????,????????????????????????(???????“?”)??????????????,????????????????????
???????????????????????
2024??,?26.6%,??????????????????2025???????,??????????????????????1??????????????,??????
????????,2????????11??,??????????2940????????,??????2942.71??????????????/???????????????,????????2900??/?????COMEX????2968.5????/??????????,??
??????????????????????2?????11??,?999???????????886???????/???????????????????????????????????????????????,??891/??
????????????12???????????????????3000?????????????/???,?????,??????????????????????,????
???????????????,??????????????????,????????????,?????????????,???????????;?????????,?????????????,??????????????????????????
????????,????????????????????????????????????????????????????,????????????,????????????????????,??????
?????????
?????????????,2???????11????????????,??????????????????????,????????????,???????????????
?????,????????,???????????2025????????????????????2??????12?(??)?????,Au(T+D)?mAu(T+D)?Au(T+N1)?Au(T+N2)?NYAuTN06?NYAuTN12????10%????????????????????????????????????????11%,???????9%??????10%;CAu99.99?????????????65000????70000?????????????????????????????
??,???????,??,????????,????????,???,?????
2????????10?????????????????,??????????????????,??????????????,?????????????????,????????,?????????????????????????,???,??????????????????????????,?????
?
????,???,??????????????????
?,???App??,????????5g?10g?20g?50g?100g?200g????????
?,???,??
??,??????«?»????,??????????????,??????????????2025????????????2?10??,?????????????:????,??650?????????700??,??200??,?????????;????????????,???????????????1??????????????,?1??
??????????«????»,????????2025????????2?????12?????????????????,??????????????????????0.01%?????????????????0.1%???0.1%???0.2%?????????????????0.3%?
????“?????????????”
?,?,???
??,??????????????,???
???,???????????????????,????3000????????????????,??????????????2900?????????????,??????,???????????????,???????????????????2850???,??????2800????????????????????????,???????????,??????2025????????????3000???????/????????????????????,??,???
“?????????????????????,????????????????,?????????,??,????????,?????????????????”???????,?????
??????,2025???????,????,????2025???????????????????2025?????????????????,?????????????,?????????????,????????????
??????????????????????,??????????,??????3000??????/????????????,???????????????,????????????????????????,???,?????????????,????,??????????????????????COMEX??,??,??? ???????????:?????????????????????
??