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

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

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

??

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