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