????????,???????????????????“???”

??

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

?????????????????,???????????????????????????????????????????????“??”????!

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

?????????

?????????????,???????????????????“???”?????

????????