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

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

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

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